Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm did not identify and test any controls over the unsatisfied performance obligations the issuer expected to be recognized as revenue within the next 12 months. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of unsatisfied performance obligations that it expected to be recognized as revenue beyond the next 12 months. The firm did not identify and test any controls over the accuracy and completeness of the report used in the operation of this control. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2305 13 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm performed a substantive analytical procedure to test this disclosure. The firm did not determine whether the expectation it used in this analytical procedure was based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2305 14 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm performed a substantive analytical procedure to test this disclosure. The firm did not determine whether the expectation it used in this analytical procedure was based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets 4 AS 2310 33 The firm sent a positive confirmation request to the custodian for certain pension plan assets which was returned with exceptions. The firm did not evaluate the nature of these exceptions. (AS 2310.33) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm established its threshold for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the threshold that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm established its threshold for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the threshold that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm established its threshold for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the threshold that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2305 20 The issuer disclosed the amounts of unsatisfied performance obligations. The following deficiencies were identified: · The firm established its threshold for investigating differences based on a level of control reliance that was not supported due to the above deficiencies in the firm's testing of controls. As a result the threshold that the firm used did not provide the desired level of assurance that misstatements that could have been material would be identified. (AS 2301.16 .18 and .37; AS 2305.20) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 48 The issuer assigned each loan a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to the loans. The firm identified deviations in the operation of this control but did not evaluate the effect of these deviations on the operating effectiveness of the control. (AS 2201.48) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2201 44 The issuer assigned each loan a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to the loans. In its testing of the operating effectiveness of this control the firm excluded certain loans from its testing population. (AS 2201.44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2301 8 The issuer assigned each loan a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm's substantive procedures to test the reasonableness of the assigned loan risk ratings for certain loans included making a selection of loans for testing. The firm identified differences in the assigned loan risk ratings but did not evaluate the effect of these differences on whether it had obtained sufficient appropriate audit evidence. Further the firm did not perform any substantive procedures to test the loan risk ratings for the loans that were excluded from the firm's control testing procedures discussed above. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 42 The issuer determined the qualitative reserve component of the ACL using various qualitative factors. The firm selected for testing controls that included the issuer's reviews of these factors. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these factors. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 44 The issuer determined the qualitative reserve component of the ACL using various qualitative factors. The firm selected for testing controls that included the issuer's reviews of these factors. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these factors. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2201 42 The issuer assigned each loan a loan risk rating which was an important input in estimating the quantitative component of the ACL. The firm selected for testing a control that included the issuer's review of the risk ratings for certain loans. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these risk ratings. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 2 AS 2201 44 The issuer assigned each loan a loan risk rating which was an important input in estimating the quantitative component of the ACL. The firm selected for testing a control that included the issuer's review of the risk ratings for certain loans. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these risk ratings. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A C No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2201 39 The issuer assigned each loan a loan risk rating which was an important input in estimating the quantitative component of the ACL. The firm selected for testing a control that included the issuer's review of the risk ratings for certain loans. For this control and two other controls the firm selected for testing over the ACL the firm did not identify and test any controls over the accuracy and completeness of certain loan information used in the operation of these controls. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer disclosed the amount of unsatisfied performance obligations. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of this disclosure. The firm did not identify and test any controls over the accuracy and completeness of the issuer-prepared schedules related to this disclosure that were used in the operation of this control. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer disclosed the amount of unsatisfied performance obligations. The following deficiencies were identified: · The firm used these issuer-prepared schedules in its substantive testing of this disclosure but did not perform any procedures to test or test any controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2810 30 The issuer disclosed the amount of unsatisfied performance obligations. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in this required disclosure under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2810 31 The issuer disclosed the amount of unsatisfied performance obligations. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in this required disclosure under FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The issuer performed cycle counts of certain inventory. The firm did not identify and test any controls that addressed whether this inventory was counted with sufficient frequency in accordance with the issuer's cycle-count policy. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2510 11 The firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Leases 1 AS 1105 A8a The issuer engaged specialists to determine the fair value of certain leased assets using various data and assumptions. The following deficiencies were identified: · The firm did not perform procedures to (1) test the accuracy and completeness of issuer-produced data used by the company's specialists and (2) evaluate the relevance and reliability of external information used by one of the company's specialists. (AS 1105.A8a) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Leases 2 AS 1105 A8b The issuer engaged specialists to determine the fair value of certain leased assets using various data and assumptions. The following deficiencies were identified: · The firm did not evaluate the reasonableness of significant assumptions used by the company's specialists. (AS 1105.A8b) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 1 AS 2201 42 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of these operating results and cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of excluding these costs. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 1 AS 2201 44 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of these operating results and cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of excluding these costs. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 1 AS 2201 42 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of these operating results and cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of excluding these costs. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 1 AS 2201 44 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's reviews of these operating results and cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of excluding these costs. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 2 AS 2301 8 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm used these operating results in its substantive procedures to evaluate whether any impairment indicators existed for these assets. The firm did not evaluate whether these excluded costs were directly associated with the identified asset groups. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 2 AS 2301 8 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm used these operating results in its substantive procedures to evaluate whether any impairment indicators existed for these assets. The firm did not evaluate whether these excluded costs were directly associated with the identified asset groups. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Leases 3 AS 2501 10 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm's approach for substantively testing the recoverability of certain of these assets was to test the issuer's process. The firm did not evaluate whether the issuer's method to determine the recoverability of these assets using cash-flow forecasts that excluded these costs was in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2501.10) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 3 AS 2501 10 The issuer used (1) store-level operating results to evaluate whether any impairment indicators existed for its long-lived assets including lease right-of-use assets and (2) store-level cash-flow forecasts to evaluate the recoverability of certain of these assets. The issuer excluded certain costs from these analyses. The following deficiencies were identified: · The firm's approach for substantively testing the recoverability of certain of these assets was to test the issuer's process. The firm did not evaluate whether the issuer's method to determine the recoverability of these assets using cash-flow forecasts that excluded these costs was in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2501.10) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A H No ICFR audit only Audits with a single deficiency Investment Securities 1 AS 2201 42 The issuer recorded available-for-sale securities at fair value. The firm selected for testing a control that included comparing recorded prices from an external service provider to prices determined by the control owner. The firm did not evaluate the specific review procedures that the control owner performed to (1) determine the comparative prices and (2) to identify items for follow-up. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A H No ICFR audit only Audits with a single deficiency Investment Securities 1 AS 2201 44 The issuer recorded available-for-sale securities at fair value. The firm selected for testing a control that included comparing recorded prices from an external service provider to prices determined by the control owner. The firm did not evaluate the specific review procedures that the control owner performed to (1) determine the comparative prices and (2) to identify items for follow-up. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2024 United States Deloitte Touche Tohmatsu Limited 2025-02-26T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Certain Assets 1 AS 2301 8 The firm did not perform sufficient procedures to evaluate the issuer's presentation of certain assets as current assets because it did not evaluate beyond inquiring of management the issuer's intent to consume all of these assets within one year from the balance sheet date. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 10 AS 2201 44 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The relative standalone selling prices were determined based in part on the issuer's categorization of its product offerings and pricing discounts it offered its customers. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review and approval of the selling price data used to determine the standalone selling prices. The firm did not evaluate the specific review procedures that the control owners performed to evaluate exceptions identified for certain items that were selected for testing. (AS 2201.44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 11 AS 2201 39 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The relative standalone selling prices were determined based in part on the issuer's categorization of its product offerings and pricing discounts it offered its customers. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review and approval of the selling price data used to determine the standalone selling prices. The firm did not identify and test any controls over the accuracy and completeness of a system-generated report that the control owners used in the operation of this control. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 12 AS 2201 39 The firm selected for testing a control over the automated recognition of certain revenue when electronic delivery occurred. The firm did not identify and test any controls over the accuracy and completeness of the electronic delivery dates used in the operation of this control. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 13 AS 1105 10 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The firm did not perform procedures to test or sufficiently test controls over the completeness of certain reports the firm used in its substantive testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 13 AS 1105 10 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The firm did not perform procedures to test or sufficiently test controls over the completeness of certain reports the firm used in its substantive testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 13 AS 1105 10 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The firm did not perform procedures to test or sufficiently test controls over the completeness of certain reports the firm used in its substantive testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 14 AS 2301 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 14 AS 2301 18 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 14 AS 2301 37 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 14 AS 2315 19 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 14 AS 2315 23 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Accounts Receivable 14 AS 2315 23A As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 14 AS 2301 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 14 AS 2301 18 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 14 AS 2301 37 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 14 AS 2315 19 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 14 AS 2315 23 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 14 AS 2315 23A As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 14 AS 2301 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 14 AS 2301 18 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 14 AS 2301 37 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 14 AS 2315 19 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 14 AS 2315 23 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 14 AS 2315 23A As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures over revenue deferred revenue and accounts receivable as follows: · The sample sizes the firm used in certain of its substantive procedures were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 15 AS 2201 39 With respect to revenue and deferred revenue at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reconciliation of the business unit-level financial data to its consolidated general ledger. The firm did not identify and test any controls over the accuracy and completeness of the business unit-level data that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 15 AS 2201 39 With respect to revenue and deferred revenue at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reconciliation of the business unit-level financial data to its consolidated general ledger. The firm did not identify and test any controls over the accuracy and completeness of the business unit-level data that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 16 AS 2301 8 With respect to revenue and deferred revenue at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and deferred revenue for these business units. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 16 AS 2301 8 With respect to revenue and deferred revenue at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and deferred revenue for these business units. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to certain of these IT systems. The firm did not test whether users with the ability to implement code changes also had the ability to develop those changes. Further the firm did not test whether the ability to implement configuration changes was appropriately restricted to authorized users. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to certain of these IT systems. The firm did not test whether users with the ability to implement code changes also had the ability to develop those changes. Further the firm did not test whether the ability to implement configuration changes was appropriately restricted to authorized users. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to certain of these IT systems. The firm did not test whether users with the ability to implement code changes also had the ability to develop those changes. Further the firm did not test whether the ability to implement configuration changes was appropriately restricted to authorized users. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing a control over the segregation of duties related to the ability to develop and implement changes to certain of these IT systems. The firm did not test whether users with the ability to implement code changes also had the ability to develop those changes. Further the firm did not test whether the ability to implement configuration changes was appropriately restricted to authorized users. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 3 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing controls that consisted of the issuer's testing and approval of system changes prior to implementation into the production environment. In its testing of the operating effectiveness of certain of these controls the firm excluded certain types of changes from its testing population. (AS 2201.44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 3 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing controls that consisted of the issuer's testing and approval of system changes prior to implementation into the production environment. In its testing of the operating effectiveness of certain of these controls the firm excluded certain types of changes from its testing population. (AS 2201.44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 4 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing controls that consisted of the issuer's testing and approval of system changes prior to implementation into the production environment. For certain other of these controls the firm did not test or test any controls over the completeness of the population of items from which it selected its sample for testing. (AS 1105.10) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 4 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing controls that consisted of the issuer's testing and approval of system changes prior to implementation into the production environment. For certain other of these controls the firm did not test or test any controls over the completeness of the population of items from which it selected its sample for testing. (AS 1105.10) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 5 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing controls over the issuer's monitoring of system changes. The firm did not identify and test any controls over the accuracy and completeness of certain reports that the issuer used in the operation of these controls. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 5 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. ·The firm selected for testing controls over the issuer's monitoring of system changes. The firm did not identify and test any controls over the accuracy and completeness of certain reports that the issuer used in the operation of these controls. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 6 AS 2201 42 The firm selected for testing two controls over the transfer of data between certain of the issuer's revenue systems and the general ledger. For the first control the firm did not test the configuration or programming of certain automated aspects of the control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that these automated aspects of the control were designed and operating effectively. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 6 AS 2201 44 The firm selected for testing two controls over the transfer of data between certain of the issuer's revenue systems and the general ledger. For the first control the firm did not test the configuration or programming of certain automated aspects of the control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that these automated aspects of the control were designed and operating effectively. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 7 AS 2201 39 The firm selected for testing two controls over the transfer of data between certain of the issuer's revenue systems and the general ledger. For the second control the firm did not identify and test any controls over the accuracy and completeness of certain data that the control owner used in the operation of this control. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Deferred Revenue 8 AS 2201 42 With respect to revenue and deferred revenue at certain business units that the firm subjected to more extensive audit procedures the following deficiencies were identified: The firm selected for testing two controls that consisted of the issuer's (1) identification of matters at its business units that could affect revenue recognition and (2) review of certain new and modified contracts for appropriate revenue recognition. The issuer used the matters identified in the first control as the population of contracts to be reviewed in the second control. The firm did not evaluate whether the first control was designed to address whether a complete population of these new and modified contracts was identified for review in the second control. (AS 2201.42) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 8 AS 2201 42 With respect to revenue and deferred revenue at certain business units that the firm subjected to more extensive audit procedures the following deficiencies were identified: The firm selected for testing two controls that consisted of the issuer's (1) identification of matters at its business units that could affect revenue recognition and (2) review of certain new and modified contracts for appropriate revenue recognition. The issuer used the matters identified in the first control as the population of contracts to be reviewed in the second control. The firm did not evaluate whether the first control was designed to address whether a complete population of these new and modified contracts was identified for review in the second control. (AS 2201.42) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 9 AS 2201 39 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The relative standalone selling prices were determined based in part on the issuer's categorization of its product offerings and pricing discounts it offered its customers. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's categorization of its product offerings and pricing discounts that were used to determine the standalone selling prices. (AS 2201.39) In connection with our review the issuer reevaluated its controls over revenue including IT controls and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include these additional material weaknesses. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 39 The issuer recognized revenue from contracts with customers that included either standard or nonstandard terms. Certain contracts included an estimate of variable consideration in the transaction price. The following deficiencies were identified: · The firm selected for testing controls that included the issuer's identification and evaluation of contracts with nonstandard terms. The firm did not identify and test any controls over the completeness of certain information that the control owners used in the operation of these controls. (AS 2201.39) In connection with our review the issuer reevaluated its accounting for this revenue and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include this additional material weakness. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2201 39 The issuer recognized revenue from contracts with customers that included either standard or nonstandard terms. Certain contracts included an estimate of variable consideration in the transaction price. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's accounting for variable consideration included in contracts with standard terms. (AS 2201.39) In connection with our review the issuer reevaluated its accounting for this revenue and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include this additional material weakness. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 2810 30 During the year the issuer received a one-time payment in connection with a contract modification that it recognized as revenue. The firm did not identify and evaluate that the issuer's accounting for this revenue was not in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) In connection with our review the issuer reevaluated its accounting for this revenue and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. The issuer also reevaluated its controls over revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised and reissued its report on the effectiveness of the issuer's ICFR to include this additional material weakness. Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 1 AS 2201 42 The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm selected for testing certain IT-dependent manual controls over the data used to develop and record these insurance-related liabilities. The firm did not test the configuration or programming of certain queries that the issuer used to generate data used in the operation of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 1 AS 2201 44 The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm selected for testing certain IT-dependent manual controls over the data used to develop and record these insurance-related liabilities. The firm did not test the configuration or programming of certain queries that the issuer used to generate data used in the operation of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 10 AS 2201 42 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) recalculations of the insurance reserves for these products and review of these recalculations and (2) comparisons and reviews of the current-period insurance reserves and related trends to the prior-period amounts. The firm did not evaluate the specific review procedures that the control owners performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 10 AS 2201 44 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) recalculations of the insurance reserves for these products and review of these recalculations and (2) comparisons and reviews of the current-period insurance reserves and related trends to the prior-period amounts. The firm did not evaluate the specific review procedures that the control owners performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 11 AS 2301 8 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm did not perform substantive procedures to test whether the issuer had appropriately calculated the gross amounts of these insurance-related assets and liabilities that were presented in the issuer's financial statements. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 12 AS 2310 33 The issuer used a service organization to perform recordkeeping and processing of transactions for certain investment securities. The firm sent positive confirmation requests to the custodians for these investment securities but did not evaluate the nature of exceptions between the securities amounts included in the confirmation replies and the securities amounts that the issuer recorded. (AS 2310.33) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 2 AS 2201 39 The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) reviews of the actuarial valuation methodologies assumptions and models and (2) recalculations of the insurance reserves for these products and review of these recalculations. The firm did not identify and test any controls over the accuracy and completeness of certain data that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 3 AS 2201 42 The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) reviews of the actuarial valuation methodologies assumptions and models and (2) recalculations of the insurance reserves for these products and review of these recalculations. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain of these reserve recalculations. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 3 AS 2201 44 The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) reviews of the actuarial valuation methodologies assumptions and models and (2) recalculations of the insurance reserves for these products and review of these recalculations. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain of these reserve recalculations. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 4 AS 1105 A8a The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm did not test or sufficiently test controls over the accuracy and completeness of certain issuer-produced data that the company's specialists used to determine these actuarial valuations. (AS 1105.A8a) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 5 AS 2201 42 The issuer used company-employed specialists to perform actuarial valuations of its insurance-related assets and liabilities including insurance reserves. With respect to the insurance-related liabilities recorded for certain insurance products the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's comparisons and reviews of the current-period insurance reserves and related trends to the prior-period amounts. In evaluating the design of these controls the firm did not evaluate whether the thresholds that the control owners used to identify items for investigation were sufficiently precise to detect material misstatements. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 6 AS 2201 42 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm selected for testing a control that included the issuer's reconciliations of loss experience data to its actuarial valuations which included the issuer's use of tools to transfer data and perform calculations. The firm did not sufficiently test the control attributes designed to address the accuracy of data transferred into these tools because the firm did not test whether these control attributes were designed to address and/or operated as designed for each relevant processing alternative. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 6 AS 2201 44 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm selected for testing a control that included the issuer's reconciliations of loss experience data to its actuarial valuations which included the issuer's use of tools to transfer data and perform calculations. The firm did not sufficiently test the control attributes designed to address the accuracy of data transferred into these tools because the firm did not test whether these control attributes were designed to address and/or operated as designed for each relevant processing alternative. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 7 AS 2201 39 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm selected for testing a control that included the issuer's reconciliations of loss experience data to its actuarial valuations which included the issuer's use of tools to transfer data and perform calculations. The firm did not identify and test any controls over the accuracy of the computations performed within these tools. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 8 AS 2201 39 With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the actuarial valuation methodologies and assumptions. The firm did not identify and test any controls over the accuracy and completeness of certain data that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Assets and Liabilities, Including Insurance Reserves Fraud Risk 9 AS 1105 A8a With respect to the insurance-related assets and liabilities recorded for certain other insurance products the following deficiencies were identified: · The firm did not test or test any controls over the accuracy and/or completeness of certain issuer-produced data that the company's specialists used to determine these actuarial valuations. (AS 1105.A8a) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 42 The issuer performed its annual goodwill impairment assessment as of an interim date. The following deficiencies were identified: · The firm selected for testing controls that included the issuer's assessment of triggering events between its annual assessment date and year end. The firm did not evaluate whether the controls were designed to address whether certain adverse market conditions and deteriorating financial results that arose before year end would have required an impairment test as of year end. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2301 8 The issuer performed its annual goodwill impairment assessment as of an interim date. The following deficiencies were identified: · The firm did not sufficiently evaluate the issuer's determination that it did not need to test goodwill for impairment between its annual assessment and year end because it did not identify that the issuer's evaluation did not consider these adverse market conditions and deteriorating financial results that arose before year end. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm's testing of certain automated controls over revenue at these business units was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm's testing of certain automated controls over revenue at these business units was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 68 For the first business unit the firm identified control deficiencies related to the issuer's review of sales prices that were applied to certain customer orders and used to recognize revenue. The firm identified and tested various compensating controls that it believed would mitigate these deficiencies. The firm did not identify that these compensating controls did not address the risk of material misstatement related to the accuracy of these sales prices. (AS 2201.68) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 For the second business unit the firm selected for testing a control that consisted of the issuer's comparison of sales prices invoiced to the customer order. For electronically received customer orders the firm did not identify and test any controls over the accuracy of the data included in the customer orders that were used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 42 For the second business unit the firm selected for testing a control that consisted of the issuer's comparison of sales prices invoiced to the customer order. For manually received customer orders the firm did not assess the effect of the same individual both entering and reviewing the sales prices in evaluating the design of the control. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 39 The issuer performed cycle counts of inventory held at one of its locations. The issuer used a service organization to host and maintain an IT system that was used in its cycle-count procedures. The firm did not obtain an understanding of and test any relevant controls at this service organization. (AS 2201.39 and .B19) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 B19 The issuer performed cycle counts of inventory held at one of its locations. The issuer used a service organization to host and maintain an IT system that was used in its cycle-count procedures. The firm did not obtain an understanding of and test any relevant controls at this service organization. (AS 2201.39 and .B19) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2510 11 Due to the deficiency discussed above the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures that the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries 9 AS 2201 42 For one of the issuer's business units the firm selected for testing a control that consisted of the control owner's review of a selection of journal entries for appropriateness. When evaluating the design of this control the firm did not evaluate the number of items the control owner reviewed to assess whether it was sufficient to address the risks of material misstatement. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 42 The issuer recorded revenue net of customer rebates and chargebacks. The issuer estimated its accrued rebates and chargebacks using significant assumptions that were based in part on forecasts of expected future sales rebates and chargebacks. The following deficiencies were identified: · The firm selected for testing various controls that included the issuer's reviews of the significant assumptions used to develop these accruals. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the underlying forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 44 The issuer recorded revenue net of customer rebates and chargebacks. The issuer estimated its accrued rebates and chargebacks using significant assumptions that were based in part on forecasts of expected future sales rebates and chargebacks. The following deficiencies were identified: · The firm selected for testing various controls that included the issuer's reviews of the significant assumptions used to develop these accruals. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the underlying forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2201 39 The issuer recorded revenue net of customer rebates and chargebacks. The issuer estimated its accrued rebates and chargebacks using significant assumptions that were based in part on forecasts of expected future sales rebates and chargebacks. The following deficiencies were identified: · The firm selected for testing various controls that included the issuer's reviews of the significant assumptions used to develop these accruals. The firm did not identify and test any controls over the accuracy and completeness of certain issuer-produced data and reports used in the operation of two of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2501 16 The issuer recorded revenue net of customer rebates and chargebacks. The issuer estimated its accrued rebates and chargebacks using significant assumptions that were based in part on forecasts of expected future sales rebates and chargebacks. The following deficiencies were identified: · The firm's approach for substantively testing accrued rebates and chargebacks was to test the issuer's process. The firm did not perform sufficient procedures to evaluate the reasonableness of the significant assumptions used to develop these accruals because the firm did not evaluate the reasonableness of the underlying forecasts. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 1105 10 The issuer recorded revenue net of customer rebates and chargebacks. The issuer estimated its accrued rebates and chargebacks using significant assumptions that were based in part on forecasts of expected future sales rebates and chargebacks. The following deficiencies were identified: · The firm used certain issuer-produced data and reports in its testing of accrued rebates and chargebacks but did not test or test any controls over the accuracy and completeness of these data and reports. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2201 42 The issuer used an IT system to initiate process and record transactions related to revenue and related accounts including accrued sales rebates and chargebacks. The firm selected for testing a control that included the issuer's reviews of changes made to this IT system through administrative user access. The firm did not evaluate the specific review procedures that the control owners performed to assess whether users performed appropriate actions when granted this access. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to revenue and related accounts including accrued sales rebates and chargebacks. The firm selected for testing a control that included the issuer's reviews of changes made to this IT system through administrative user access. The firm did not evaluate the specific review procedures that the control owners performed to assess whether users performed appropriate actions when granted this access. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 2201 46 In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the above deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2301 16 The sample size that the firm used in certain of its substantive procedures to test accrued rebates was too small to provide sufficient appropriate evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's ITGC testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2301 18 The sample size that the firm used in certain of its substantive procedures to test accrued rebates was too small to provide sufficient appropriate evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's ITGC testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2301 37 The sample size that the firm used in certain of its substantive procedures to test accrued rebates was too small to provide sufficient appropriate evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's ITGC testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2315 19 The sample size that the firm used in certain of its substantive procedures to test accrued rebates was too small to provide sufficient appropriate evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's ITGC testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2315 23 The sample size that the firm used in certain of its substantive procedures to test accrued rebates was too small to provide sufficient appropriate evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's ITGC testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2315 23A The sample size that the firm used in certain of its substantive procedures to test accrued rebates was too small to provide sufficient appropriate evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's ITGC testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 1 AS 2201 B21 The issuer developed the quantitative reserve component of the ACL using a model that was maintained by a service organization. The following deficiencies were identified: · The firm obtained a service auditor's report but did not evaluate whether this auditor's report provided sufficient appropriate audit evidence because the firm did not assess certain controls that the service auditor tested and how those controls related to the issuer's controls over the quantitative component of the ACL. (AS 2201.B21) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 2 AS 2201 39 The issuer developed the quantitative reserve component of the ACL using a model that was maintained by a service organization. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's ongoing assessment and monitoring of the predictability and effectiveness of this ACL model. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 3 AS 2201 46 The firm selected for testing a control that consisted of the control owner's reperformance of certain ACL calculations. The number of instances that the firm selected for testing this control did not provide sufficient appropriate audit evidence given the frequency with which this control operated. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 4 AS 2501 16 The issuer determined the qualitative reserve component of the ACL using various qualitative factors. The firm's approach for substantively testing the ACL was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions that the issuer used to develop certain of these qualitative factors. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 5 AS 2201 42 During the year the issuer acquired a business. The issuer assigned certain acquired loans a risk rating which was a significant assumption in estimating the fair value of the acquired loans. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the credit quality of these acquired loans including the assigned loan risk ratings. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assigned loan risk ratings. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 5 AS 2201 44 During the year the issuer acquired a business. The issuer assigned certain acquired loans a risk rating which was a significant assumption in estimating the fair value of the acquired loans. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the credit quality of these acquired loans including the assigned loan risk ratings. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assigned loan risk ratings. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 6 AS 2501 16 During the year the issuer acquired a business. The issuer assigned certain acquired loans a risk rating which was a significant assumption in estimating the fair value of the acquired loans. The following deficiencies were identified: · The firm's approach for substantively testing the valuation of these acquired loans was to test the issuer's process. The firm selected a sample of acquired loans for testing. The firm did not evaluate whether the issuer had a reasonable basis for the assigned loan risk ratings for these acquired loans. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The issuer used an IT system to initiate process and record transactions related to certain revenue and accounts receivable. The firm selected for testing controls that included the issuer's reviews of changes made to this IT system through administrative user access. When testing the design and operating effectiveness of these controls the firm did not evaluate (1) certain criteria that the control owners used to determine which types of changes would be subject to the issuer's reviews and (2) whether the control owners' review of only certain types of system changes and permissions was sufficient to address the risk that unauthorized changes were made. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to certain revenue and accounts receivable. The firm selected for testing controls that included the issuer's reviews of changes made to this IT system through administrative user access. When testing the design and operating effectiveness of these controls the firm did not evaluate (1) certain criteria that the control owners used to determine which types of changes would be subject to the issuer's reviews and (2) whether the control owners' review of only certain types of system changes and permissions was sufficient to address the risk that unauthorized changes were made. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer used an IT system to initiate process and record transactions related to certain revenue and accounts receivable. The firm selected for testing controls that included the issuer's reviews of changes made to this IT system through administrative user access. When testing the design and operating effectiveness of these controls the firm did not evaluate (1) certain criteria that the control owners used to determine which types of changes would be subject to the issuer's reviews and (2) whether the control owners' review of only certain types of system changes and permissions was sufficient to address the risk that unauthorized changes were made. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer used an IT system to initiate process and record transactions related to certain revenue and accounts receivable. The firm selected for testing controls that included the issuer's reviews of changes made to this IT system through administrative user access. When testing the design and operating effectiveness of these controls the firm did not evaluate (1) certain criteria that the control owners used to determine which types of changes would be subject to the issuer's reviews and (2) whether the control owners' review of only certain types of system changes and permissions was sufficient to address the risk that unauthorized changes were made. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 46 In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data or reports generated or maintained by this IT system. As a result of the above deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data or reports generated or maintained by this IT system. As a result of the above deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 16 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 18 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2301 37 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 19 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2315 23A The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The sample sizes that the firm used in certain of its substantive procedures to test this revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to (1) the deficiencies in the firm's control testing discussed above and/or (2) the firm not taking into account that the controls it relied upon were not designed and operating effectively during the entire period of reliance. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 1105 10 The firm selected for testing a control at one of the issuer's locations that consisted of the issuer's review of source documentation prior to processing customer invoices and credit memos. The firm did not test or test any controls over the completeness of the population of items from which it selected its samples for testing this control. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The firm selected for testing a control at one of the issuer's locations that consisted of the issuer's review of source documentation prior to processing customer invoices and credit memos. The firm did not test or test any controls over the completeness of the population of items from which it selected its samples for testing this control. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 46 The firm selected for testing a control at one of the issuer's locations that consisted of the issuer's review of source documentation prior to processing customer invoices and credit memos. The number of credit memos that the firm selected for testing did not provide sufficient appropriate evidence given the frequency with which the control operated. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 46 The firm selected for testing a control at one of the issuer's locations that consisted of the issuer's review of source documentation prior to processing customer invoices and credit memos. The number of credit memos that the firm selected for testing did not provide sufficient appropriate evidence given the frequency with which the control operated. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 1 AS 2201 46 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. As a result of the following audit deficiencies the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. As a result of the following audit deficiencies the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 2 AS 2201 39 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. · The firm did not identify and test any controls that addressed the risk that certain users could make unauthorized changes to the data in this system. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. · The firm did not identify and test any controls that addressed the risk that certain users could make unauthorized changes to the data in this system. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 3 AS 2201 42 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. · The firm selected for testing (1) an automated control over the transfer of data from the issuer's source system into this IT system and (2) controls over the generation of the reports used in these IT-dependent manual controls. The firm did not test the configuration or programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 3 AS 2201 44 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. · The firm selected for testing (1) an automated control over the transfer of data from the issuer's source system into this IT system and (2) controls over the generation of the reports used in these IT-dependent manual controls. The firm did not test the configuration or programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. · The firm selected for testing (1) an automated control over the transfer of data from the issuer's source system into this IT system and (2) controls over the generation of the reports used in these IT-dependent manual controls. The firm did not test the configuration or programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer used an IT system to retain certain data related to MSRs and loan servicing revenue. In its testing of controls over these accounts the firm tested various IT-dependent manual controls that used reports generated by this IT system. · The firm selected for testing (1) an automated control over the transfer of data from the issuer's source system into this IT system and (2) controls over the generation of the reports used in these IT-dependent manual controls. The firm did not test the configuration or programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test MSRs and loan servicing revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of forecasted sales that were used to estimate the valuation of certain inventory. The firm did not evaluate the specific review procedures that the control owners performed to assess the issuer's ability to achieve these forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of forecasted sales that were used to estimate the valuation of certain inventory. The firm did not evaluate the specific review procedures that the control owners performed to assess the issuer's ability to achieve these forecasts. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2201 42 The firm selected for testing a control that consisted of the issuer's reconciliation of the inventory subledger to its general ledger and its review of this reconciliation. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of certain inventory adjustments that the firm selected for testing that were included in this reconciliation. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reconciliation of the inventory subledger to its general ledger and its review of this reconciliation. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of certain inventory adjustments that the firm selected for testing that were included in this reconciliation. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 3 AS 1105 10 The firm's substantive procedures to test these inventory adjustments consisted of selecting a sample of items for testing. The firm used issuer-produced quantity information in these substantive procedures but did not perform any procedures to test or sufficiently test controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of potential indicators of impairment for its long-lived assets and certain investments. The firm did not evaluate whether the thresholds that the control owner used to identify certain impairment indicators were sufficiently precise to prevent or detect material misstatements. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of potential indicators of impairment for its long-lived assets and certain investments. The firm did not evaluate whether the thresholds that the control owner used to identify certain impairment indicators were sufficiently precise to prevent or detect material misstatements. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 2 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of potential indicators of impairment for its long-lived assets and certain investments. The firm did not identify and test any controls over the accuracy and/or completeness of certain data used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 2 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of potential indicators of impairment for its long-lived assets and certain investments. The firm did not identify and test any controls over the accuracy and/or completeness of certain data used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 3 AS 1105 10 The issuer performed a quantitative impairment assessment of certain long-lived assets and investments that had impairment indicators. The firm used certain issuer-produced data in its substantive testing of this impairment assessment but did not test or test any controls over the accuracy of these data. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 3 AS 1105 10 The issuer performed a quantitative impairment assessment of certain long-lived assets and investments that had impairment indicators. The firm used certain issuer-produced data in its substantive testing of this impairment assessment but did not test or test any controls over the accuracy of these data. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 4 AS 2301 8 For another of the issuer's long-lived assets the firm did not evaluate the appropriateness of the issuer's conclusion that an impairment assessment was not required even though an impairment indicator existed for this long-lived asset. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 4 AS 2301 8 For another of the issuer's long-lived assets the firm did not evaluate the appropriateness of the issuer's conclusion that an impairment assessment was not required even though an impairment indicator existed for this long-lived asset. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the first control the firm did not evaluate the specific review procedures that the control owners performed to determine whether items that met the criteria for investigation were identified for review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the first control the firm did not evaluate the specific review procedures that the control owners performed to determine whether items that met the criteria for investigation were identified for review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the first control the firm did not evaluate the specific review procedures that the control owners performed to determine whether items that met the criteria for investigation were identified for review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the first control the firm did not evaluate the specific review procedures that the control owners performed to determine whether items that met the criteria for investigation were identified for review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Inventory 2 AS 2201 39 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the second control the firm did not identify and test any controls over the accuracy and completeness of certain reports that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the second control the firm did not identify and test any controls over the accuracy and completeness of certain reports that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Inventory 3 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the second control the firm did not test the aspects of this control that addressed the accuracy or completeness of certain other reports used in the operation of the control. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue and inventory for certain of these business units the firm selected entity-level controls for testing including two controls that consisted of the issuer's reviews of financial information. The following deficiencies were identified: · For the second control the firm did not test the aspects of this control that addressed the accuracy or completeness of certain other reports used in the operation of the control. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A L No ICFR audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed the goodwill area and also identified the deficiency below. For four of the issuer's reporting units the firm selected for testing controls that consisted of the issuer's reviews of the forecasts and valuation model used in its goodwill impairment analysis including the assumptions used. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A L No ICFR audit only Audits with multiple deficiencies Goodwill Significant Risk 1 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed the goodwill area and also identified the deficiency below. For four of the issuer's reporting units the firm selected for testing controls that consisted of the issuer's reviews of the forecasts and valuation model used in its goodwill impairment analysis including the assumptions used. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A L No ICFR audit only Audits with multiple deficiencies Leases 2 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of the accounting for certain lease transactions. The firm did not identify and test any controls over the accuracy and completeness of a report used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Long-lived Assets 1 AS 1105 10 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm used issuer-prepared schedules in its substantive testing of the issuer's (1) assessment of certain long-lived assets for possible impairment and (2) long-lived asset disclosures. The firm did not perform any procedures to test or test any controls over the accuracy of certain data included in these issuer-prepared schedules. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Leases 2 AS 1105 10 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm performed substantive procedures to test the accuracy of a schedule that the issuer used to prepare certain of its lease disclosures. The sample size the firm used in these substantive procedures was smaller than the one the firm determined necessary to provide sufficient appropriate audit evidence. Further the firm did not perform any procedures to test or test any controls over the completeness of this schedule. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of its asset groupings used in the evaluation of long-lived assets for possible impairment. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of the specific assets that were included in the asset groupings. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of its asset groupings used in the evaluation of long-lived assets for possible impairment. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of the specific assets that were included in the asset groupings. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Long-lived Assets 2 AS 2301 8 During the year the issuer identified that events or changes in circumstances existed indicating that the carrying value of certain long-lived assets may not be recoverable. The firm did not evaluate whether these events or changes in circumstances indicated that the carrying amounts of certain other long-lived assets may not be recoverable. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 Certain of the issuer's contracts provided for the reimbursement of costs for services performed on behalf of its customers and the issuer did not recognize revenue from these services. The firm did not perform procedures to evaluate whether these services were part of the issuer's performance obligation under its customer contracts that should have been recognized as revenue in conformity with FASB ASC Topic 606. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A P No ICFR audit only Audits with a single deficiency Journal Entries 1 AS 2201 42 The firm selected for testing a control that consisted of the control owner's review of certain journal entries. The firm did not evaluate whether the design of this control was sufficient to address whether journal entries prepared and posted by the same individual were authorized and appropriate. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A Q No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2301 8 The issuer used a service organization for recordkeeping and processing of transactions related to investment securities. The firm did not perform any procedures that addressed the accuracy of certain data from the service organization that was used to determine the classification of investment purchases and sales in the statement of cash flows. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 13 The firm performed a substantive analytical procedure to test certain revenue deductions. The firm did not determine whether the expectation used in this substantive analytical procedure was based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 42 Ernst & Young LLP 2024 United States Ernst & Young Global Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 14 The firm performed a substantive analytical procedure to test certain revenue deductions. The firm did not determine whether the expectation used in this substantive analytical procedure was based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 39 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer engaged a specialist to assist it in determining the fair value of the loans acquired and the deposits assumed in connection with the business combination. The firm selected for testing various controls over the acquired loans and assumed deposits data that were provided to and used by the company's specialist. The firm did not identify and test any controls over the accuracy and completeness of certain of the data from the legacy systems that were used in the operation of these controls. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 10 AS 1105 10 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer disclosed the size categories and maturity date of certain of its deposit liabilities. The following deficiencies were identified: · The firm used this information in its substantive testing of these disclosures but did not perform any procedures to test or test controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 2 AS 1105 10 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The firm used certain loan data from the legacy systems in its testing of the ACL but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 3 AS 2201 42 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to certain types of loans. The firm did not evaluate the criteria the control owners used to select loans for review. (AS 2201.42) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 4 AS 2201 42 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the ACL including an assessment of this qualitative factor for reasonableness. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of this qualitative factor. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 4 AS 2201 44 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the ACL including an assessment of this qualitative factor for reasonableness. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of this qualitative factor. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 5 AS 2201 39 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the ACL including an assessment of this qualitative factor for reasonableness. The firm did not identify and test any controls over the accuracy and/or completeness of the appraisal and external data used to develop this factor. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A1 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A10 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A2 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A3 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A4 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A5 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A6 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A7 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A8 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1105 A9 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1201 C6 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 1201 C7 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 6 AS 2501 16 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative component of the ACL was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and certain significant assumptions used by the issuer. The firm did not sufficiently evaluate the reasonableness of these significant assumptions because it did not identify that the auditor-employed specialist's procedures were limited to inquiring of management and reading an issuer-prepared memorandum. Further the firm used a sample of appraisal reports prepared by the company's specialists in its testing of these significant assumptions without performing any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10 AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 7 AS 1105 10 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer determined the qualitative reserve component of the ACL using qualitative factors and developed one of these factors using various data including appraisal data prepared by the company's specialists and certain external data. The following deficiencies were identified: · The firm used the appraisal and external data in its substantive testing of the qualitative component of the ACL but did not perform any procedures to test or test any controls over the accuracy and/or completeness of these data. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 8 AS 2201 42 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer used a manually prepared spreadsheet to compare the fair values recorded for its available-for-sale and held-to-maturity securities to prices obtained from various sources. The firm selected for testing controls over the review of this spreadsheet but when evaluating the design of these controls did not identify that the control owner did not perform any procedures that addressed whether the pricing information that was included in the spreadsheet was accurate and complete. (AS 2201.42) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 9 AS 2201 39 During the year the issuer completed a business combination where the issuer's operations from before the transaction remained on the issuer's existing information systems (“legacy systems”) and continued to be recorded in these systems separately from the other company's operations. The issuer disclosed the size categories and maturity date of certain of its deposit liabilities. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of these disclosures but did not identify and test any controls over the accuracy and completeness of the information from the issuer's legacy systems that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2101 11 The issuer reported loans receivable at two business units. The firm excluded from the scope of its audits the ACL related to one of these business units but did not evaluate whether the risks of material misstatement that the firm associated with the ACL subject to audit procedures also applied to the excluded ACL. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2101 12 The issuer reported loans receivable at two business units. The firm excluded from the scope of its audits the ACL related to one of these business units but did not evaluate whether the risks of material misstatement that the firm associated with the ACL subject to audit procedures also applied to the excluded ACL. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 B10 The issuer reported loans receivable at two business units. The firm excluded from the scope of its audits the ACL related to one of these business units but did not evaluate whether the risks of material misstatement that the firm associated with the ACL subject to audit procedures also applied to the excluded ACL. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 39 With respect to the ACL subject to audit procedures: · The firm identified and tested controls that consisted of the issuer's review of the quantitative component of the ACL but did not identify and test any controls over certain inputs the control owners used in the operation of those controls. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2201 39 With respect to the ACL subject to audit procedures: · The firm did not identify and test any controls over the qualitative component of the ACL. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2501 16 With respect to the ACL subject to audit procedures: · The firm's approach for substantively testing the ACL was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions the issuer used to develop the quantitative component and any significant assumptions the issuer used to develop the qualitative component. (AS 2501.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2810 30 During the year the issuer sold certain loans receivable to external parties. The firm did not identify and evaluate that the issuer's accounting for and presentation and disclosure of the gain on the sale of these loans was not in conformity with FASB ASC Topic 310 Receivables and FASB ASC Subtopic 860-20 Transfers and Servicing – Sales of Financial Assets. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its accounting and presentation of this sale of loans receivable and determined that an error existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer adjusted this accounting and presentation in a subsequent filing. Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2810 31 During the year the issuer sold certain loans receivable to external parties. The firm did not identify and evaluate that the issuer's accounting for and presentation and disclosure of the gain on the sale of these loans was not in conformity with FASB ASC Topic 310 Receivables and FASB ASC Subtopic 860-20 Transfers and Servicing – Sales of Financial Assets. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its accounting and presentation of this sale of loans receivable and determined that an error existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer adjusted this accounting and presentation in a subsequent filing. Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2201 42 The issuer recorded certain investment securities at fair value based on cash-flow models and classified these securities as held-to-maturity (HTM). The following deficiencies were identified: · The firm selected for testing controls over the valuation of these securities including the issuer's review of its cash-flow models. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the values determined by these models. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2201 44 The issuer recorded certain investment securities at fair value based on cash-flow models and classified these securities as held-to-maturity (HTM). The following deficiencies were identified: · The firm selected for testing controls over the valuation of these securities including the issuer's review of its cash-flow models. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the values determined by these models. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2501 7 The issuer recorded certain investment securities at fair value based on cash-flow models and classified these securities as held-to-maturity (HTM). The following deficiencies were identified: · The firm did not perform any substantive procedures to test the valuation of these securities. (AS 2501.07) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 8 AS 2201 39 The issuer recorded certain investment securities at fair value based on cash-flow models and classified these securities as held-to-maturity (HTM). The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the issuer's classification of these securities as HTM was appropriate. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 9 AS 2301 8 The issuer recorded certain investment securities at fair value based on cash-flow models and classified these securities as held-to-maturity (HTM). The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether the issuer's classification of these securities as HTM was appropriate. (AS 2301.08) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · The firm did not evaluate the specific review procedures the control owner performed to determine whether user access to the production environment that had been previously granted continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · The firm did not evaluate the specific review procedures the control owner performed to determine whether user access to the production environment that had been previously granted continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · The firm did not evaluate the specific review procedures the control owner performed to determine whether user access to the production environment that had been previously granted continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · The firm did not evaluate the specific review procedures the control owner performed to determine whether user access to the production environment that had been previously granted continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · To test certain other change management controls the firm selected changes from the issuer's change management tool but did not test or test any controls over the completeness of the population of changes from which it selected its samples for testing. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The issuer had various change management processes for these IT systems including the use of a tool to manage and migrate changes into the production environment. The firm selected for testing controls over change management for certain systems including a control that consisted of the issuer's periodic review of access to the production environment. The following deficiencies were identified: · To test certain other change management controls the firm selected changes from the issuer's change management tool but did not test or test any controls over the completeness of the population of changes from which it selected its samples for testing. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a control over user access for certain systems. The firm did not evaluate the specific review procedures the control owner performed to determine whether access was appropriately granted for the instances selected for testing. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 5 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a control over user access for certain systems. The firm did not evaluate the specific review procedures the control owner performed to determine whether access was appropriately granted for the instances selected for testing. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a control over user access for certain systems. The firm did not evaluate the specific review procedures the control owner performed to determine whether access was appropriately granted for the instances selected for testing. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a control over user access for certain systems. The firm did not evaluate the specific review procedures the control owner performed to determine whether access was appropriately granted for the instances selected for testing. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 6 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a control over user access for certain systems. The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owner used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to revenue and deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: · The firm selected for testing a control over user access for certain systems. The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owner used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test certain revenue and deferred revenue because it did not test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 7 AS 2305 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test certain revenue and deferred revenue because it did not test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test certain revenue and deferred revenue because it did not test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2305 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test certain revenue and deferred revenue because it did not test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The firm did not identify and test any controls over the reliability of the information provided by the external party. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A At two of the issuer's business units the issuer recognized certain revenue over time based on information that was provided by an external party. The following deficiencies were identified: · The sample sizes the firm used in its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 At certain other business units the following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the performance obligations had been satisfied before revenue was recognized. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 At certain other business units the following deficiencies were identified: · The firm did not perform substantive procedures beyond observing the issuer's processing of one revenue transaction to evaluate whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 39 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to determine the fair value of the acquired oil and gas properties based on discounted cash flows that they developed using various assumptions including future production volumes. The company's specialists used historical production data produced by the acquired business and certain other non-financial assumptions developed by the company's specialists to develop the future production volumes. The following deficiencies were identified: · The firm did not identify and test any controls over the reliability of the historical production data used by the company's specialists. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 2201 42 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to determine the fair value of the acquired oil and gas properties based on discounted cash flows that they developed using various assumptions including future production volumes. The company's specialists used historical production data produced by the acquired business and certain other non-financial assumptions developed by the company's specialists to develop the future production volumes. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the future production volumes assumption but did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain significant non-financial assumptions that were developed and used by the company's specialists. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 2201 44 During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to determine the fair value of the acquired oil and gas properties based on discounted cash flows that they developed using various assumptions including future production volumes. The company's specialists used historical production data produced by the acquired business and certain other non-financial assumptions developed by the company's specialists to develop the future production volumes. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the future production volumes assumption but did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain significant non-financial assumptions that were developed and used by the company's specialists. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 1105 A8a During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to determine the fair value of the acquired oil and gas properties based on discounted cash flows that they developed using various assumptions including future production volumes. The company's specialists used historical production data produced by the acquired business and certain other non-financial assumptions developed by the company's specialists to develop the future production volumes. The following deficiencies were identified: · The firm did not evaluate the reliability of the historical production data used by the company's specialists. (AS 1105.A8a) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 4 AS 1105 A8b During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to determine the fair value of the acquired oil and gas properties based on discounted cash flows that they developed using various assumptions including future production volumes. The company's specialists used historical production data produced by the acquired business and certain other non-financial assumptions developed by the company's specialists to develop the future production volumes. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of certain significant non-financial assumptions that were developed and used by the company's specialists beyond comparing the assumptions for the first year of the discounted cash flows for a selection of acquired properties to the historical production data of the acquired business and the issuer's other properties. (AS 1105.A8b) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 42 The issuer's policy was to group its property plant and equipment as a single asset group when evaluating its long-lived assets for possible impairment because the cash flows were interdependent. The following deficiencies were identified: · The firm selected for testing a control over the impairment of property plant and equipment which included the determination of its asset grouping. The firm did not evaluate the specific review procedures that the control owner performed to assess whether the issuer's use of a single asset group was in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 44 The issuer's policy was to group its property plant and equipment as a single asset group when evaluating its long-lived assets for possible impairment because the cash flows were interdependent. The following deficiencies were identified: · The firm selected for testing a control over the impairment of property plant and equipment which included the determination of its asset grouping. The firm did not evaluate the specific review procedures that the control owner performed to assess whether the issuer's use of a single asset group was in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 8 The issuer's policy was to group its property plant and equipment as a single asset group when evaluating its long-lived assets for possible impairment because the cash flows were interdependent. The following deficiencies were identified: · The firm did not perform substantive procedures beyond reading an issuer-prepared memorandum to evaluate whether the issuer's use of a single asset group was in conformity with FASB ASC Topic 360. (AS 2301.08) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 39 The issuer held investments in multiple unconsolidated entities including certain entities that were managed by the issuer. The following deficiencies were identified: · The firm selected for testing a control over the issuer's disclosure of these investments. The firm did not identify and test any controls over the accuracy and completeness of an issuer-prepared schedule that the control owner used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2201 39 The issuer held investments in multiple unconsolidated entities including certain entities that were managed by the issuer. The following deficiencies were identified: · The firm selected for testing a control over the valuation of the investments in unconsolidated entities managed by the issuer. The firm did not identify and test any controls over the accuracy and completeness of the unconsolidated entities' financial statements that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 3 AS 1105 10 The issuer held investments in multiple unconsolidated entities including certain entities that were managed by the issuer. The following deficiencies were identified: · The firm used the unconsolidated entities' financial statements and the issuer-prepared schedule in its substantive testing of these investments but did not perform any procedures to test or test any controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The issuer recognized certain revenue over time from contracts for which it had an enforceable right to payment for inventory that did not have an alternative use to the issuer. The issuer's IT system for this revenue was configured to recognize revenue upon shipment and the issuer recorded manual adjustments to recognize revenue at period end based on the progress it made to manufacture goods in inventory that had not been shipped. The firm selected for testing 1) an automated control that included the designation of sales orders in the system as “on hold” until the issuer completed a review of each sales order prior to shipment and 2) the control related to the issuer's review of each sales order with the “on hold” designation in the system to ensure it was associated with a valid contract. The following deficiencies were identified: · For the automated control the firm did not test the aspect that addressed whether all types of sales orders received this “on hold” designation. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The issuer recognized certain revenue over time from contracts for which it had an enforceable right to payment for inventory that did not have an alternative use to the issuer. The issuer's IT system for this revenue was configured to recognize revenue upon shipment and the issuer recorded manual adjustments to recognize revenue at period end based on the progress it made to manufacture goods in inventory that had not been shipped. The firm selected for testing 1) an automated control that included the designation of sales orders in the system as “on hold” until the issuer completed a review of each sales order prior to shipment and 2) the control related to the issuer's review of each sales order with the “on hold” designation in the system to ensure it was associated with a valid contract. The following deficiencies were identified: · For the automated control the firm did not test the aspect that addressed whether all types of sales orders received this “on hold” designation. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer recognized certain revenue over time from contracts for which it had an enforceable right to payment for inventory that did not have an alternative use to the issuer. The issuer's IT system for this revenue was configured to recognize revenue upon shipment and the issuer recorded manual adjustments to recognize revenue at period end based on the progress it made to manufacture goods in inventory that had not been shipped. The firm selected for testing 1) an automated control that included the designation of sales orders in the system as “on hold” until the issuer completed a review of each sales order prior to shipment and 2) the control related to the issuer's review of each sales order with the “on hold” designation in the system to ensure it was associated with a valid contract. The following deficiencies were identified: · For the sales order review control the firm did not perform sufficient procedures to test the completeness of the population of items from which it selected its samples because it did not perform any procedures over the completeness of the population of sales orders associated with goods in inventory that the issuer had begun to manufacture. (AS 1105.10) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A H No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 62 The issuer recognized certain revenue over time from contracts for which it had an enforceable right to payment for inventory that did not have an alternative use to the issuer. The issuer's IT system for this revenue was configured to recognize revenue upon shipment and the issuer recorded manual adjustments to recognize revenue at period end based on the progress it made to manufacture goods in inventory that had not been shipped. The firm selected for testing 1) an automated control that included the designation of sales orders in the system as “on hold” until the issuer completed a review of each sales order prior to shipment and 2) the control related to the issuer's review of each sales order with the “on hold” designation in the system to ensure it was associated with a valid contract. The following deficiencies were identified: · The firm identified a control deficiency related to the lack of a requirement for the sales order review control to be performed before the issuer began to manufacture the inventory. In determining whether the deficiency represented a material weakness the firm did not sufficiently evaluate the severity of this deficiency because (1) its procedures to evaluate the magnitude of the potential misstatement were limited to determining the total inventory amount that would represent a material misstatement and (2) the firm did not perform procedures to evaluate whether there was a reasonable possibility that the issuer's controls would fail to prevent or detect a misstatement beyond concluding that the possibility of that type of misstatement would be remote without performing procedures to support that conclusion. (AS 2201.62) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Goodwill 1 AS 2201 42 The issuer engaged a specialist to assist it in determining the fair value of its reporting units. The firm selected for testing controls that consisted of the issuer's determination of an expected range of reasonable outcomes for certain assumptions and comparison of those expected ranges to the assumptions determined by the company specialist. The firm did not evaluate beyond inquiry the procedures the control owner performed to determine the expected ranges. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Goodwill 1 AS 2201 44 The issuer engaged a specialist to assist it in determining the fair value of its reporting units. The firm selected for testing controls that consisted of the issuer's determination of an expected range of reasonable outcomes for certain assumptions and comparison of those expected ranges to the assumptions determined by the company specialist. The firm did not evaluate beyond inquiry the procedures the control owner performed to determine the expected ranges. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Statement of Cash Flows 2 AS 2201 42 The firm selected for testing the issuer's control over the configuration of a system-generated report used in the preparation of its statement of cash flows. The firm did not evaluate the specific review procedures that the control owners performed to assess the configuration of this report. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A I No ICFR audit only Audits with multiple deficiencies Statement of Cash Flows 2 AS 2201 44 The firm selected for testing the issuer's control over the configuration of a system-generated report used in the preparation of its statement of cash flows. The firm did not evaluate the specific review procedures that the control owners performed to assess the configuration of this report. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 1 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm selected for testing controls that consisted of the issuer's review of the ACL including a committee's reviews of certain assumptions used to estimate the qualitative component. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A J No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 1 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm selected for testing controls that consisted of the issuer's review of the ACL including a committee's reviews of certain assumptions used to estimate the qualitative component. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 42 The firm selected for testing controls that consisted of the issuer's validation of the models it used to estimate the quantitative component of the ACL for loans and leases collectively evaluated for impairment. The issuer's validation included a comparison of the modeled results to the actual results that identified two types of errors and by design assessed one of these types of errors. In evaluating the design of these controls the firm did not evaluate the effect of the issuer not assessing one type of error on the controls' ability to effectively prevent or detect a material misstatement. (AS 2201.42) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A L No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 39 The issuer recognized certain revenue based in part on transaction data provided by an external service provider. The firm did not identify and test any controls that addressed the reliability of the majority of these data. (AS 2201.39) Annually Inspected 185 KPMG LLP 2024 United States KPMG International Cooperative 2025-02-26T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Income Taxes 1 AS 2301 8 The firm did not perform any procedures to determine whether the issuer's presentation of a certain tax receivable as a current asset was appropriate. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 1 AS 2301 13 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on an expected cost plus a margin approach that involved significant assumptions. The following deficiencies were identified: · The firm did not perform procedures beyond reading an issuer-prepared analysis to assess whether the services promised in the issuer's contracts were distinct and should have been accounted for as separate performance obligations. (AS 2301.08 and .13) In connection with our review the issuer reevaluated its accounting for these arrangements and concluded that misstatements existed that had not been previously identified. The issuer subsequently filed a Form 8-K disclosing that its previously issued financial statements should no longer be relied upon and that it plans on restating its financial statements to correct these misstatements. Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 1 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on an expected cost plus a margin approach that involved significant assumptions. The following deficiencies were identified: · The firm did not perform procedures beyond reading an issuer-prepared analysis to assess whether the services promised in the issuer's contracts were distinct and should have been accounted for as separate performance obligations. (AS 2301.08 and .13) In connection with our review the issuer reevaluated its accounting for these arrangements and concluded that misstatements existed that had not been previously identified. The issuer subsequently filed a Form 8-K disclosing that its previously issued financial statements should no longer be relied upon and that it plans on restating its financial statements to correct these misstatements. Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 2 AS 2501 10 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on an expected cost plus a margin approach that involved significant assumptions. The following deficiencies were identified: · For certain contracts the issuer recognized revenue over time using an output method to measure its progress toward completion of its performance obligations. The firm did not evaluate whether this method was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2501.10) In connection with our review the issuer reevaluated its accounting for these arrangements and concluded that misstatements existed that had not been previously identified. The issuer subsequently filed a Form 8-K disclosing that its previously issued financial statements should no longer be relied upon and that it plans on restating its financial statements to correct these misstatements. Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 3 AS 2501 16 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on an expected cost plus a margin approach that involved significant assumptions. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of the expected costs of satisfying the performance obligations and related margins. (AS 2501.16) In connection with our review the issuer reevaluated its accounting for these arrangements and concluded that misstatements existed that had not been previously identified. The issuer subsequently filed a Form 8-K disclosing that its previously issued financial statements should no longer be relied upon and that it plans on restating its financial statements to correct these misstatements. Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 4 The issuer recognized certain revenue based on the issuer's estimate of the number of customers enrolled in plans under which the issuer provided services. The firm did not sufficiently evaluate whether the issuer had a reasonable basis for this significant assumption because it did not evaluate the relevance of certain historical customer data that the issuer adjusted and used to develop this significant assumption. (AS 1105.04 and .06; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 6 The issuer recognized certain revenue based on the issuer's estimate of the number of customers enrolled in plans under which the issuer provided services. The firm did not sufficiently evaluate whether the issuer had a reasonable basis for this significant assumption because it did not evaluate the relevance of certain historical customer data that the issuer adjusted and used to develop this significant assumption. (AS 1105.04 and .06; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2501 16 The issuer recognized certain revenue based on the issuer's estimate of the number of customers enrolled in plans under which the issuer provided services. The firm did not sufficiently evaluate whether the issuer had a reasonable basis for this significant assumption because it did not evaluate the relevance of certain historical customer data that the issuer adjusted and used to develop this significant assumption. (AS 1105.04 and .06; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether certain payments that the issuer recognized as revenue met the criteria for revenue recognition set forth in FASB ASC Topic 606. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2301 8 The firm did not perform any substantive procedures to test certain accounts receivable. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2810 30 The firm did not identify and evaluate various misstatements in the issuer's disclosures related to accounts receivable and other liabilities. (AS 2810.30 and .31) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2810 31 The firm did not identify and evaluate various misstatements in the issuer's disclosures related to accounts receivable and other liabilities. (AS 2810.30 and .31) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Other Liabilities 4 AS 2810 30 The firm did not identify and evaluate various misstatements in the issuer's disclosures related to accounts receivable and other liabilities. (AS 2810.30 and .31) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Other Liabilities 4 AS 2810 31 The firm did not identify and evaluate various misstatements in the issuer's disclosures related to accounts receivable and other liabilities. (AS 2810.30 and .31) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 5 AS 2301 8 The issuer disclosed that it presented its accounts receivable net of certain unpaid costs. The firm did not perform any substantive procedures to evaluate whether this presentation was in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Other Liabilities 5 AS 2301 8 The issuer disclosed that it presented its accounts receivable net of certain unpaid costs. The firm did not perform any substantive procedures to evaluate whether this presentation was in conformity with FASB ASC Topic 210 Balance Sheet. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The firm did not identify and test any controls over the issuer's allowance for credit impairment for certain investment securities. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2501 7 The firm did not perform any substantive procedures to test the allowance for credit impairment for these investment securities. (AS 2501.07) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2201 39 The firm did not identify and test any controls over the issuer's ACL for certain loans. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses 4 AS 2501 7 The firm did not perform any substantive procedures to test the ACL for these loans. (AS 2501.07) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Loans 5 AS 2201 39 The issuer disclosed the estimated fair values for certain loans measured at amortized cost. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of this disclosure but did not identify and test any controls over the accuracy and completeness of the issuer-prepared schedules used in the operation of this control. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Loans 6 AS 2501 7 The issuer disclosed the estimated fair values for certain loans measured at amortized cost. The following deficiencies were identified: · The firm did not perform substantive procedures to test the fair values of these loans beyond comparing the amounts disclosed to the issuer-prepared schedules discussed above. (AS 2501.07) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of certain contracts under these types of arrangements for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether the contracts contained embedded leases and whether all performance obligations were identified. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of certain contracts under these types of arrangements for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether the contracts contained embedded leases and whether all performance obligations were identified. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not sufficiently evaluate whether certain contracts contained embedded leases because it did not evaluate certain terms that may have met the definition of a lease. (AS 2301.08; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2810 3 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not sufficiently evaluate whether certain contracts contained embedded leases because it did not evaluate certain terms that may have met the definition of a lease. (AS 2301.08; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not sufficiently evaluate whether all performance obligations were identified for certain contracts because it did not identify that the contracts contained an option that may have represented a material right. (AS 2301.08; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2810 3 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not sufficiently evaluate whether all performance obligations were identified for certain contracts because it did not identify that the contracts contained an option that may have represented a material right. (AS 2301.08; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's determination of the standalone selling prices. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2501 16 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumptions the issuer used to estimate standalone selling prices. (AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Other Assets 6 AS 2301 8 The firm did not perform substantive procedures to evaluate whether the issuer's capitalization of certain contract costs was in conformity with FASB ASC Topic 340 Other Assets and Deferred Costs beyond for a selection of costs capitalized during the year reading the contracts and comparing the costs to the issuer's subledger. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Other Assets 7 AS 2301 8 The firm did not perform any substantive procedures to evaluate whether the period the issuer used to amortize the capitalized contract costs for contracts with multiple performance obligations was in conformity with FASB ASC Topic 340. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 62 The firm identified control deficiencies related to controls over certain revenue contracts at one of the issuer's locations. The firm did not evaluate the severity of these control deficiencies individually or in combination to determine whether they represented a material weakness. (AS 2201.62) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. For certain confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that these balances represented valid receivables as of the confirmation date. (AS 2310.31) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 42 The firm selected for testing a control that included the review of the data the issuer used to estimate the ACL but did not evaluate the specific review procedures that the control owner performed to assess the accuracy and completeness of these data. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2201 44 The firm selected for testing a control that included the review of the data the issuer used to estimate the ACL but did not evaluate the specific review procedures that the control owner performed to assess the accuracy and completeness of these data. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Business Combination 2 AS 2201 39 During the year the issuer acquired a business. The firm selected for testing a control that consisted of the issuer's review of the valuation of certain assets acquired and liabilities assumed. The firm did not identify and test any controls over the accuracy and completeness of a system-generated report that the control owners used in the operation of this control for certain liabilities assumed. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. In its evaluation of the issuer's revenue recognition for these arrangements the firm did not evaluate beyond reading certain issuer-prepared memorandums (1) whether the issuer identified all performance obligations in its customer contracts and (2) certain contractual terms and conditions that could affect the issuer's revenue recognition. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Financial Reporting 1 AS 2301 8 The issuer disclosed various material weaknesses including deficiencies related to segregation of duties. In understanding the issuer's financial reporting process the firm identified that the general ledger system allowed individuals to both post and approve journal entries and to edit journal entries after they have been approved. The firm did not perform any substantive procedures to address these risks related to inappropriate segregation of duties. (AS 2301.08; AS 2401.61) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Financial Reporting 1 AS 2401 61 The issuer disclosed various material weaknesses including deficiencies related to segregation of duties. In understanding the issuer's financial reporting process the firm identified that the general ledger system allowed individuals to both post and approve journal entries and to edit journal entries after they have been approved. The firm did not perform any substantive procedures to address these risks related to inappropriate segregation of duties. (AS 2301.08; AS 2401.61) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A I No ICFR audit only Audits with a single deficiency Going Concern 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of its evaluation of its ability to continue as a going concern. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain significant assumptions the issuer used to develop the forecasted cash flows used in its evaluation. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A I No ICFR audit only Audits with a single deficiency Going Concern 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of its evaluation of its ability to continue as a going concern. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain significant assumptions the issuer used to develop the forecasted cash flows used in its evaluation. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2024 United States PricewaterhouseCoopers International Limited 2025-02-26T00:00:00 Part I.A J No ICFR audit only Audits with a single deficiency Journal Entries 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review and approval of manual journal entries prior to posting them to the general ledger. In evaluating the design of this control the firm did not identify that the general ledger system allowed the control owners to modify journal entries prior to posting. (AS 2201.42) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 46 The issuer used an information-technology (IT) system to initiate transactions related to certain revenue. In its testing of controls over this revenue the firm tested various automated and IT-dependent manual controls that used data generated by this IT system. As a result of the following audit deficiencies the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) In connection with our review the issuer reevaluated its controls over this revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2201 68 The issuer used an information-technology (IT) system to initiate transactions related to certain revenue. The firm identified a control deficiency related to change management for this IT system. The following audit deficiencies were identified: · The firm identified and tested a compensating control that it believed mitigated this deficiency but did not identify that the control owner used information in the performance of this control that was produced by this IT system. (AS 2201.68) In connection with our review the issuer reevaluated its controls over this revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 2201 62 The issuer used an information-technology (IT) system to initiate transactions related to certain revenue. The firm identified a control deficiency related to change management for this IT system. The following audit deficiencies were identified: · The firm did not sufficiently evaluate the severity of the control deficiency because it did not accurately calculate the magnitude of the potential misstatement resulting from this deficiency. (AS 2201.62) In connection with our review the issuer reevaluated its controls over this revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 4 AS 2201 39 For this revenue the following additional deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain information used to record revenue. (AS 2201.39) In connection with our review the issuer reevaluated its controls over this revenue and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 5 AS 2301 8 For this revenue the following additional deficiencies were identified: · The firm's substantive procedures to test revenue included testing a sample of transactions. The firm did not perform any procedures to test whether performance obligations were satisfied before revenue was recognized. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 6 AS 1105 10 For this revenue the following additional deficiencies were identified: · For certain of this revenue the firm did not perform procedures to test or test controls over the accuracy and completeness of certain information used in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 7 AS 2201 42 The issuer engaged a specialist to perform an assessment of certain of its intangible assets for possible impairment. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of this assessment and related significant assumptions. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 7 AS 2201 44 The issuer engaged a specialist to perform an assessment of certain of its intangible assets for possible impairment. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of this assessment and related significant assumptions. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 8 AS 1105 A8b The issuer engaged a specialist to perform an assessment of certain of its intangible assets for possible impairment. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist or by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 8 AS 2501 16 The issuer engaged a specialist to perform an assessment of certain of its intangible assets for possible impairment. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist or by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets Significant Risk 9 AS 2501 16 The issuer engaged a specialist to perform an assessment of certain of its intangible assets for possible impairment. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer because its procedures were limited to evaluating the assumptions for consistency with the issuer's recent experience. Further the firm did not evaluate certain significant differences between these assumptions and the issuer's recent experience. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 16 The firm's substantive procedures to test one type of revenue at one business unit included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 23 The firm's substantive procedures to test one type of revenue at one business unit included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 23A The firm's substantive procedures to test one type of revenue at one business unit included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 10 AS 2401 61 For certain of the issuer's business units the firm did not perform any procedures to identify and select journal entries and other adjustments for testing without having an appropriate basis for excluding those business units. (AS 2401.61) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2101 11 The firm subjected this type of revenue from certain other business units to less extensive audit procedures. In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the specific risks associated with these business units and (3) whether the risks of material misstatement that the firm identified for the business unit subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2101 12 The firm subjected this type of revenue from certain other business units to less extensive audit procedures. In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the specific risks associated with these business units and (3) whether the risks of material misstatement that the firm identified for the business unit subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2305 13 For another business unit the issuer contracted with an external party to manufacture and sell products on behalf of the issuer and recognized the associated revenue based on information it obtained from this external party. The following deficiencies were identified: · The firm's procedures to test the completeness of this revenue consisted of performing substantive analytical procedures. The firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2305 14 For another business unit the issuer contracted with an external party to manufacture and sell products on behalf of the issuer and recognized the associated revenue based on information it obtained from this external party. The following deficiencies were identified: · The firm's procedures to test the completeness of this revenue consisted of performing substantive analytical procedures. The firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 4 For another business unit the issuer contracted with an external party to manufacture and sell products on behalf of the issuer and recognized the associated revenue based on information it obtained from this external party. The following deficiencies were identified: · The issuer recognized certain of this revenue based on sales of this product to the external party. The firm obtained and used information from the external party in its substantive testing of this revenue but did not perform procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 6 For another business unit the issuer contracted with an external party to manufacture and sell products on behalf of the issuer and recognized the associated revenue based on information it obtained from this external party. The following deficiencies were identified: · The issuer recognized certain of this revenue based on sales of this product to the external party. The firm obtained and used information from the external party in its substantive testing of this revenue but did not perform procedures to evaluate the reliability of this information. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 For another business unit the issuer contracted with an external party to manufacture and sell products on behalf of the issuer and recognized the associated revenue based on information it obtained from this external party. The following deficiencies were identified: · The issuer recognized certain of this revenue based on sales of this product to the external party. The firm did not evaluate the terms and conditions included in the issuer's sales contract with the external party. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 6 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to determine the fair values of certain acquired assets. The following deficiencies were identified: · For one of these assets the firm did not sufficiently evaluate the reasonableness of a significant assumption developed by the issuer because it did not perform any procedures to evaluate the reasonableness of a component of this significant assumption. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 7 AS 1105 A8a During the year the issuer acquired a business and engaged a specialist to determine the fair values of certain acquired assets. The following deficiencies were identified: · For certain other assets the firm did not perform any procedures to test the accuracy and completeness of issuer-produced information that was used by the specialist to determine their fair values. (AS 1105.A8a) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 8 AS 2810 30 The firm did not identify and evaluate misstatements in certain required disclosures under FASB ASC Topic 470 Debt and FASB ASC Topic 805 Business Combinations related to the accounting for the purchase price allocation. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 8 AS 2810 31 The firm did not identify and evaluate misstatements in certain required disclosures under FASB ASC Topic 470 Debt and FASB ASC Topic 805 Business Combinations related to the accounting for the purchase price allocation. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Statement of Cash Flows 9 AS 1105 10 The firm used an issuer-prepared schedule in its substantive testing of the issuer's statement of cash flows but did not perform any procedures to test or test controls over the accuracy and completeness of certain information included in this schedule. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 39 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ACL using various risk-weighted qualitative factors. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of these qualitative factors using an internally developed framework comprised of various assumptions. The firm did not identify and test any controls that addressed the (1) reasonableness of the assumptions from the framework that were used in the operation of this control (2) reasonableness of the risk weights assigned to the qualitative factors and (3) the accuracy of certain loan information used in the operation of the issuer's controls over the ACL that the firm selected for testing. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2501 16 For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ACL using various risk-weighted qualitative factors. The following deficiencies were identified: · The firm's approach for substantively testing the qualitative reserve component of the ACL was to test the issuer's process. The firm did not perform any procedures to evaluate whether the issuer had a reasonable basis for the qualitative factors used in developing the reserve. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2201 42 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the loan risk ratings assigned to certain loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the loan risk ratings. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2201 44 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the loan risk ratings assigned to certain loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the loan risk ratings. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2201 42 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the loan risk ratings assigned to certain loans. The firm did not assess whether the issuer's review was designed to occur with sufficient scope and frequency to address the risks of material misstatement. (AS 2201.42) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2201 39 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's comparison of loan risk ratings determined by an external loan reviewer to loan risk ratings determined by the issuer. The firm did not identify and test any controls that addressed the reasonableness of the loan risk ratings determined by the external loan reviewer. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 6 AS 2301 16 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The sample size that the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 6 AS 2301 18 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The sample size that the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 6 AS 2301 37 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the ACL. The following deficiencies were identified: · The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The sample size that the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 7 AS 2201 42 During the year the issuer acquired a business. The firm selected for testing controls that included the issuer's review of the valuation of acquired loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the (1) reasonableness of the assumptions the issuer used to develop the fair value of these loans and (2) accuracy and completeness of certain data used in the operation of these controls. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 7 AS 2201 44 During the year the issuer acquired a business. The firm selected for testing controls that included the issuer's review of the valuation of acquired loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the (1) reasonableness of the assumptions the issuer used to develop the fair value of these loans and (2) accuracy and completeness of certain data used in the operation of these controls. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 42 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment and the firm selected for testing a control that consisted of the issuer's review of this assessment and related significant assumptions. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain significant assumptions used in the assessment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 44 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment and the firm selected for testing a control that consisted of the issuer's review of this assessment and related significant assumptions. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain significant assumptions used in the assessment. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2201 39 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment and the firm selected for testing a control that consisted of the issuer's review of this assessment and related significant assumptions. The firm did not identify and test any controls over the review of the forecasted financial information used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 3 AS 2501 16 The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · In testing the issuer's process the firm did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer. (AS 2501.16) In addition the firm did not perform sufficient procedures to evaluate the reasonableness of another significant assumption developed by the company's specialist because its procedures were limited to evaluating this assumption for consistency with historical experience without taking into account changes in conditions and events affecting the issuer. (AS 1105.A8b) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 4 AS 1105 A8b The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of another significant assumption developed by the company's specialist because its procedures were limited to evaluating this assumption for consistency with historical experience without taking into account changes in conditions and events affecting the issuer. (AS 1105.A8b) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 1105 A10 The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · The firm did not sufficiently evaluate the relevance and reliability of the company's specialist's work because it did not identify and evaluate inconsistencies between another significant assumption developed by the company's specialist and (1) the auditor-employed specialist's independent expectation of this assumption and (2) management's analysis of this assumption. (AS 1105.A9 and .A10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 5 AS 1105 A9 The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · The firm did not sufficiently evaluate the relevance and reliability of the company's specialist's work because it did not identify and evaluate inconsistencies between another significant assumption developed by the company's specialist and (1) the auditor-employed specialist's independent expectation of this assumption and (2) management's analysis of this assumption. (AS 1105.A9 and .A10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 1201 C6 The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · In developing an independent expectation the firm used another significant assumption. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for its selection of this significant assumption from a range of potential assumptions. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 1201 C7 The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · In developing an independent expectation the firm used another significant assumption. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for its selection of this significant assumption from a range of potential assumptions. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 6 AS 2501 22 The firm's approach to substantively test the issuer's impairment assessment consisted of (1) testing the issuer's process and (2) developing an independent expectation of the fair value of the issuer's single reporting unit with the assistance of an auditor-employed specialist. The following deficiencies were identified: · In developing an independent expectation the firm used another significant assumption. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for its selection of this significant assumption from a range of potential assumptions. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 7 AS 2201 42 The issuer recorded the fair value of certain of its available-for-sale (AFS) securities based on prices it obtained from an external pricing service. The firm selected for testing a control that consisted of the issuer's comparison of its recorded prices to prices obtained from another external pricing service and the issuer's investigation of price variances that exceeded certain thresholds. The firm did not evaluate the specific review procedures that the control owner performed to (1) assess whether the prices the issuer used in this comparison were derived from independent sources and (2) investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 7 AS 2201 44 The issuer recorded the fair value of certain of its available-for-sale (AFS) securities based on prices it obtained from an external pricing service. The firm selected for testing a control that consisted of the issuer's comparison of its recorded prices to prices obtained from another external pricing service and the issuer's investigation of price variances that exceeded certain thresholds. The firm did not evaluate the specific review procedures that the control owner performed to (1) assess whether the prices the issuer used in this comparison were derived from independent sources and (2) investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 8 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of certain AFS securities for potential impairment. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 9 AS 1201 C6 The firm's approach for substantively testing the fair values of certain of the issuer's held-to-maturity securities was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions used by the issuer. The firm did not sufficiently test the fair value of these investments because it did not identify that the auditor-employed specialist did not perform procedures to evaluate whether the issuer had a reasonable basis for certain significant assumptions it used. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 9 AS 1201 C7 The firm's approach for substantively testing the fair values of certain of the issuer's held-to-maturity securities was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions used by the issuer. The firm did not sufficiently test the fair value of these investments because it did not identify that the auditor-employed specialist did not perform procedures to evaluate whether the issuer had a reasonable basis for certain significant assumptions it used. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 9 AS 2501 16 The firm's approach for substantively testing the fair values of certain of the issuer's held-to-maturity securities was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions used by the issuer. The firm did not sufficiently test the fair value of these investments because it did not identify that the auditor-employed specialist did not perform procedures to evaluate whether the issuer had a reasonable basis for certain significant assumptions it used. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Other Investments 1 AS 1105 A8b The issuer engaged a specialist to determine the fair values for its investments in certain entities. The firm's approach for substantively testing these fair value measurements was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist because the auditor-employed specialist did not take into account inconsistencies between these assumptions and other significant assumptions developed by the issuer. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Other Investments 1 AS 1201 C6 The issuer engaged a specialist to determine the fair values for its investments in certain entities. The firm's approach for substantively testing these fair value measurements was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist because the auditor-employed specialist did not take into account inconsistencies between these assumptions and other significant assumptions developed by the issuer. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Other Investments 1 AS 1201 C7 The issuer engaged a specialist to determine the fair values for its investments in certain entities. The firm's approach for substantively testing these fair value measurements was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist because the auditor-employed specialist did not take into account inconsistencies between these assumptions and other significant assumptions developed by the issuer. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Other Investments 2 AS 2501 16 The issuer engaged a specialist to determine the fair values for its investments in certain entities. The firm's approach for substantively testing these fair value measurements was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions the company's specialist used. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the issuer because it did not perform any procedures to evaluate the reasonableness of certain components of these assumptions. Further for certain of these significant assumptions the firm did not evaluate significant differences between these assumptions and the issuer's recent experience. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2501 16 The firm's substantive procedures to test the issuer's disclosure related to remaining performance obligations included selecting a sample of contracts for testing. For certain of these contracts the firm did not perform procedures to evaluate the reasonableness of a significant assumption used by the issuer to develop this disclosure. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 4 AS 2301 8 The issuer performed an assessment of certain of its long-lived assets for possible impairment at year end and concluded that the carrying value of these assets was recoverable. The firm did not identify that the issuer did not consider an indicator of possible impairment in its assessment of the recoverability of these assets. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used an IT system to record transactions related to revenue. The firm did not identify and test any controls that addressed the risk that users with the ability to develop changes also had the ability to implement those changes. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 46 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used an IT system to record transactions related to revenue. In its testing of controls over revenue the firm tested an IT-dependent manual control that used a report generated from this system. As a result of this deficiency in the firm's testing of ITGCs the firm's testing of this IT-dependent manual control was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. For certain revenue the following additional deficiencies were identified: · For one type of revenue the firm did not perform substantive procedures to test whether performance obligations had been satisfied before revenue was recognized beyond comparisons to customer payments and/or issuer-produced information. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. For certain revenue the following additional deficiencies were identified: · For one type of revenue the firm did not perform substantive procedures to test whether performance obligations had been satisfied before revenue was recognized beyond comparisons to customer payments and/or issuer-produced information. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. For certain revenue the following additional deficiencies were identified: · For another type of revenue the firm's substantive procedures consisted of selecting a sample of transactions for testing. For certain transactions the firm did not perform procedures to test or test controls over the accuracy of certain issuer-produced information that the firm used in its testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 5 AS 2201 39 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm selected for testing a control that consisted of the issuer's review of the valuation of deferred tax assets. The firm did not identify and test any controls over the review of forecasted financial information used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 1 AS 1201 C6 During the year the issuer entered into agreements resulting in the issuance of convertible notes and an option for the creditor to purchase additional convertible notes; the issuer accounted for this option as a liability. Certain of these notes were subsequently converted to equity. The following deficiencies were identified: · The firm's approach for substantively testing the fair values of the convertible notes and related purchase option at issuance and year end was to develop independent expectations of the estimates using the work of an auditor-employed specialist. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a component of a significant assumption it developed and used in each independent expectation. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 1 AS 1201 C7 During the year the issuer entered into agreements resulting in the issuance of convertible notes and an option for the creditor to purchase additional convertible notes; the issuer accounted for this option as a liability. Certain of these notes were subsequently converted to equity. The following deficiencies were identified: · The firm's approach for substantively testing the fair values of the convertible notes and related purchase option at issuance and year end was to develop independent expectations of the estimates using the work of an auditor-employed specialist. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a component of a significant assumption it developed and used in each independent expectation. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 1 AS 2501 22 During the year the issuer entered into agreements resulting in the issuance of convertible notes and an option for the creditor to purchase additional convertible notes; the issuer accounted for this option as a liability. Certain of these notes were subsequently converted to equity. The following deficiencies were identified: · The firm's approach for substantively testing the fair values of the convertible notes and related purchase option at issuance and year end was to develop independent expectations of the estimates using the work of an auditor-employed specialist. The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a component of a significant assumption it developed and used in each independent expectation. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 2 AS 2501 10 During the year the issuer entered into agreements resulting in the issuance of convertible notes and an option for the creditor to purchase additional convertible notes; the issuer accounted for this option as a liability. Certain of these notes were subsequently converted to equity. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of the converted notes was to test the issuer's process. The firm did not evaluate whether the method used by the issuer to measure the fair value was in conformity with the requirements of FASB ASC Topic 820 Fair Value Measurement. (AS 2501.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Intangible Assets 3 AS 2501 7 During the year events or changes in circumstances existed indicating that the carrying value of certain of the issuer's intangible assets may not be recoverable and the issuer performed assessments of these assets for possible impairment. The following deficiencies were identified: · For one asset group the firm did not perform any substantive procedures to test the issuer's impairment assessment. (AS 2501.07) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Intangible Assets 4 AS 2501 21 During the year events or changes in circumstances existed indicating that the carrying value of certain of the issuer's intangible assets may not be recoverable and the issuer performed assessments of these assets for possible impairment. The following deficiencies were identified: · For another asset group the firm's substantive procedures to test the issuer's impairment assessment consisted of developing an independent expectation of the undiscounted cash flows used to assess the asset group for recoverability. In developing its expectation the firm did not perform procedures to demonstrate it had a reasonable basis for the undiscounted cash flow period it used including taking into account certain requirements of FASB ASC Topic 360 Property Plant and Equipment. (AS 2501.21 and .22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Intangible Assets 4 AS 2501 22 During the year events or changes in circumstances existed indicating that the carrying value of certain of the issuer's intangible assets may not be recoverable and the issuer performed assessments of these assets for possible impairment. The following deficiencies were identified: · For another asset group the firm's substantive procedures to test the issuer's impairment assessment consisted of developing an independent expectation of the undiscounted cash flows used to assess the asset group for recoverability. In developing its expectation the firm did not perform procedures to demonstrate it had a reasonable basis for the undiscounted cash flow period it used including taking into account certain requirements of FASB ASC Topic 360 Property Plant and Equipment. (AS 2501.21 and .22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used a service organization to host and maintain an IT system that the issuer used to initiate process and record transactions related to revenue and inventory. In its testing of controls over these accounts the firm tested certain automated and/or IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the following deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used a service organization to host and maintain an IT system that the issuer used to initiate process and record transactions related to revenue and inventory. In its testing of controls over these accounts the firm tested certain automated and/or IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the following deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 With respect to this service organization the firm obtained a service auditor's report and identified a complementary user control related to change management that the service auditor's report described as necessary. The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented this control. (AS 2201.39 and .B22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 B22 With respect to this service organization the firm obtained a service auditor's report and identified a complementary user control related to change management that the service auditor's report described as necessary. The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented this control. (AS 2201.39 and .B22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 With respect to this service organization the firm obtained a service auditor's report and identified a complementary user control related to change management that the service auditor's report described as necessary. The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented this control. (AS 2201.39 and .B22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 B22 With respect to this service organization the firm obtained a service auditor's report and identified a complementary user control related to change management that the service auditor's report described as necessary. The firm did not perform procedures beyond inquiry to evaluate whether the issuer had implemented this control. (AS 2201.39 and .B22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The firm did not perform procedures to test or sufficiently test controls over the completeness of certain reports that the firm used in its substantive testing of revenue. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used two IT systems to initiate process and record transactions related to certain revenue. In its testing of controls over this revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 With respect to change management the firm selected for testing a control over the issuer's review of changes to the production environments for these IT systems. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 With respect to change management the firm selected for testing a control over the issuer's review of changes to the production environments for these IT systems. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 With respect to change management the firm selected for testing a control over the issuer's review of changes to the production environments for these IT systems. The firm did not identify that this control was not designed to address the risk that unauthorized changes were made to these systems as certain users with the ability to develop and implement changes also had administrative access to the monitoring tools used in the operation of this control. (AS 2201.42) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · The sample sizes that the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · The sample sizes that the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · The sample sizes that the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · The sample sizes that the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · The sample sizes that the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · The sample sizes that the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over this revenue as follows: · For certain of this revenue the firm did not perform procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data and reports the firm used in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 1 AS 1105 4 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The auditor-employed specialist used data from external sources to develop certain significant assumptions for its independent expectations. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate the relevance of these data. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 1 AS 1105 6 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The auditor-employed specialist used data from external sources to develop certain significant assumptions for its independent expectations. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate the relevance of these data. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 1 AS 1201 C6 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The auditor-employed specialist used data from external sources to develop certain significant assumptions for its independent expectations. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate the relevance of these data. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 1 AS 1201 C7 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The auditor-employed specialist used data from external sources to develop certain significant assumptions for its independent expectations. The firm did not identify that the auditor-employed specialist did not perform any procedures to evaluate the relevance of these data. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 2 AS 1201 C6 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform any procedures to demonstrate it had a reasonable basis for certain other significant assumptions used for its independent expectations. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 2 AS 1201 C7 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform any procedures to demonstrate it had a reasonable basis for certain other significant assumptions used for its independent expectations. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Investments Significant Risk 2 AS 2501 22 The firm's approach to substantively test the fair value of certain investments was to develop independent expectations of the fair values using the work of an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform any procedures to demonstrate it had a reasonable basis for certain other significant assumptions used for its independent expectations. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2201 39 The issuer performed an assessment of goodwill for possible impairment using various significant assumptions. The following deficiencies were identified: · The firm did not identify and test any controls over the reasonableness of the significant assumptions used in the impairment assessment. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2501 16 The issuer performed an assessment of goodwill for possible impairment using various significant assumptions. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions used in the impairment assessment because its procedures were limited to performing sensitivity analyses. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2201 42 The firm selected for testing a control that consisted of the issuer's reviews of its assessment of long-lived assets for possible impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the qualitative factors used to determine whether indicators of possible impairment existed. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reviews of its assessment of long-lived assets for possible impairment. The firm did not evaluate the specific review procedures that the control owners performed to assess the qualitative factors used to determine whether indicators of possible impairment existed. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2501 16 The firm's approach for substantively testing one component of the issuer's reserve for excess and obsolete inventory was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of a significant assumption the issuer used because the firm did not (1) take into account the issuer's ability to carry out this assumption (2) take into account changes in conditions and events affecting the issuer and (3) evaluate significant differences between this assumption and the issuer's historical experience. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2501 17 The firm's approach for substantively testing one component of the issuer's reserve for excess and obsolete inventory was to test the issuer's process. The firm did not sufficiently evaluate the reasonableness of a significant assumption the issuer used because the firm did not (1) take into account the issuer's ability to carry out this assumption (2) take into account changes in conditions and events affecting the issuer and (3) evaluate significant differences between this assumption and the issuer's historical experience. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 1105 10 The firm used a system-generated report in its substantive procedures to test the remainder of the issuer's reserve for excess and obsolete inventory. The firm relied on its testing of the accuracy and completeness of this report that was performed in the prior year. The firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of this report because it did not take into account that user access controls over this IT system were ineffective. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 8 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. For certain of these selections the firm did not perform sufficient procedures to evaluate whether the customer contracts met the collectability criteria required to recognize revenue under FASB ASC Topic 606 Revenue from Contracts with Customers because these customers did not meet one or more of the issuer's established credit policies and the firm did not evaluate the basis on which the customer or transaction was approved. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2501 16 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions that the issuer used to develop the estimated costs to complete the open contracts the firm selected for testing. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A N No Financial statement audit only Audits with a single deficiency Business Combination Significant Risk 1 AS 2501 16 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using various significant assumptions. The firm's approach for substantively testing the fair values of these assets was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions used in the valuation of these assets. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue Significant Risk 1 AS 2301 16 The firm identified a significant deficiency related to an IT system that the issuer used to record revenue. The firm's substantive procedures to test revenue at one business unit included selecting samples of transactions for testing. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account the potential effect of the significant deficiency on the controls it relied upon. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue Significant Risk 1 AS 2301 18 The firm identified a significant deficiency related to an IT system that the issuer used to record revenue. The firm's substantive procedures to test revenue at one business unit included selecting samples of transactions for testing. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account the potential effect of the significant deficiency on the controls it relied upon. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue Significant Risk 1 AS 2301 37 The firm identified a significant deficiency related to an IT system that the issuer used to record revenue. The firm's substantive procedures to test revenue at one business unit included selecting samples of transactions for testing. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account the potential effect of the significant deficiency on the controls it relied upon. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue Significant Risk 1 AS 2315 19 The firm identified a significant deficiency related to an IT system that the issuer used to record revenue. The firm's substantive procedures to test revenue at one business unit included selecting samples of transactions for testing. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account the potential effect of the significant deficiency on the controls it relied upon. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue Significant Risk 1 AS 2315 23 The firm identified a significant deficiency related to an IT system that the issuer used to record revenue. The firm's substantive procedures to test revenue at one business unit included selecting samples of transactions for testing. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account the potential effect of the significant deficiency on the controls it relied upon. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A O No Financial statement audit only Audits with a single deficiency Revenue Significant Risk 1 AS 2315 23A The firm identified a significant deficiency related to an IT system that the issuer used to record revenue. The firm's substantive procedures to test revenue at one business unit included selecting samples of transactions for testing. The sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account the potential effect of the significant deficiency on the controls it relied upon. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A P No ICFR audit only Audits with a single deficiency Revenue and Related Accounts Fraud Risk 1 AS 2201 44 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm selected for testing a control that included the issuer's review of the (1) revenue calculations (2) accuracy and completeness of certain related information and (3) corresponding journal entries. In its testing of the operating effectiveness of this control the firm did not test these aspects. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A Q Yes Financial statement audit only Audits with a single deficiency Income Taxes 1 AS 1105 10 The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain information produced by the issuer that the firm used in its substantive testing of the income tax provision and a deferred tax asset. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 1105 4 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the relevance and reliability of certain forecasted financial information because it did not evaluate management's ability to sustain revenue from existing customers. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 1105 6 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the relevance and reliability of certain forecasted financial information because it did not evaluate management's ability to sustain revenue from existing customers. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 2415 3 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the relevance and reliability of certain forecasted financial information because it did not evaluate management's ability to sustain revenue from existing customers. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 2415 8 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the relevance and reliability of certain forecasted financial information because it did not evaluate management's ability to sustain revenue from existing customers. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 243 BDO USA, P.C. 2024 United States BDO International Limited 2025-02-26T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Going Concern 1 AS 2415 9 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not sufficiently evaluate the relevance and reliability of certain forecasted financial information because it did not evaluate management's ability to sustain revenue from existing customers. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reviews of the estimated standalone selling prices. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain significant assumptions used to develop the standalone selling prices. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's reviews of the estimated standalone selling prices. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain significant assumptions used to develop the standalone selling prices. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2201 42 With respect to the issuer's revenue disclosures the following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of certain revenue disclosures but did not test the aspect of the control that addressed the accuracy and completeness of the issuer-prepared schedules used to prepare these disclosures. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2201 44 With respect to the issuer's revenue disclosures the following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of certain revenue disclosures but did not test the aspect of the control that addressed the accuracy and completeness of the issuer-prepared schedules used to prepare these disclosures. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 11 AS 1105 10 With respect to the issuer's revenue disclosures the following deficiencies were identified: · The firm used these issuer-prepared schedules in its substantive testing of these revenue disclosures but did not perform any procedures to test or sufficiently test controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 12 AS 2201 42 The firm selected for testing two controls that consisted of the issuer's review of the reserve for excess and obsolete inventory at certain business units. For the first control the firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the significant assumptions that the issuer used to develop this reserve. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 12 AS 2201 44 The firm selected for testing two controls that consisted of the issuer's review of the reserve for excess and obsolete inventory at certain business units. For the first control the firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the significant assumptions that the issuer used to develop this reserve. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 13 AS 2201 39 The firm selected for testing two controls that consisted of the issuer's review of the reserve for excess and obsolete inventory at certain business units. For the second control the firm did not identify and test any controls over the accuracy of certain data that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 14 AS 2501 16 The firm's approach for substantively testing the reserve for excess and obsolete inventory at these business units was to test the issuer's process. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of the significant assumptions that the issuer used to develop this reserve beyond reading an issuer-prepared memorandum. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 15 AS 1105 10 The firm's approach for substantively testing the reserve for excess and obsolete inventory at these business units was to test the issuer's process. The following deficiencies were identified: · The firm used certain issuer-produced data in its testing of this reserve but did not test or test any controls over the accuracy of these data. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 16 AS 2201 39 Certain of the issuer's inventory was subject to cycle counts and the issuer's cycle-count policy required this inventory to be counted at specific frequencies during the year. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether each inventory item was counted with sufficient frequency in accordance with the issuer's cycle-count policy. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 17 AS 2201 39 Certain of the issuer's inventory was subject to cycle counts and the issuer's cycle-count policy required this inventory to be counted at specific frequencies during the year. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's monitoring of its cycle count results. The firm did not identify and test any controls over the accuracy and completeness of certain information that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 18 AS 2201 39 With respect to the issuer's work-in-process inventory at certain business units that the firm subjected to more extensive audit procedures the following deficiencies were identified: · The firm did not identify and test any controls over the existence of this work-in-process inventory. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 19 AS 2301 8 With respect to the issuer's work-in-process inventory at certain business units that the firm subjected to more extensive audit procedures the following deficiencies were identified: · The firm did not perform any procedures to test the existence of this work-in-process inventory. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2501 16 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm's approach for substantively testing the estimated standalone selling prices was to test the issuer's process. The firm selected a sample of revenue arrangements for testing but did not perform procedures to evaluate the reasonableness of certain significant assumptions used to develop the standalone selling prices beyond performing a sensitivity analysis for certain revenue arrangements selected for testing. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 During the year the issuer recorded revenue from bill-and-hold arrangements with one of its customers. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the issuer had met certain revenue recognition criteria for these bill-and-hold arrangements. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 During the year the issuer recorded revenue from bill-and-hold arrangements with one of its customers. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate whether the issuer had met certain revenue recognition criteria for these bill-and-hold arrangements beyond reading an issuer-prepared memorandum. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 During the year the issuer recorded revenue from bill-and-hold arrangements with one of its customers. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate whether the issuer had met certain revenue recognition criteria for these bill-and-hold arrangements beyond reading an issuer-prepared memorandum. (AS 2301.08 and .13) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2810 30 During the year the issuer recorded revenue from bill-and-hold arrangements with one of its customers. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 606 Revenue from Contracts with Customers related to when performance obligations are satisfied under bill-and-hold arrangements. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2810 31 During the year the issuer recorded revenue from bill-and-hold arrangements with one of its customers. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 606 Revenue from Contracts with Customers related to when performance obligations are satisfied under bill-and-hold arrangements. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 42 With respect to the issuer's allowance for doubtful accounts the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the allowance for doubtful accounts at one of the issuer's business units. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 44 With respect to the issuer's allowance for doubtful accounts the following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the allowance for doubtful accounts at one of the issuer's business units. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2201 44 With respect to the issuer's allowance for doubtful accounts the following deficiencies were identified: · The firm's approach for substantively testing the allowance for doubtful accounts at this business unit was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions the issuer used to develop this allowance. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2501 16 With respect to the issuer's allowance for doubtful accounts the following deficiencies were identified: · The firm's approach for substantively testing the allowance for doubtful accounts at this business unit was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions the issuer used to develop this allowance. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2201 39 With respect to revenue and accounts receivable at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm selected for testing an entity-level control that included the issuer's comparison of forecasts by business unit to actual results including revenue. The firm did not identify and test any controls over the forecasts used in the operation of this control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 39 With respect to revenue and accounts receivable at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm selected for testing an entity-level control that included the issuer's comparison of forecasts by business unit to actual results including revenue. The firm did not identify and test any controls over the forecasts used in the operation of this control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 8 With respect to revenue and accounts receivable at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and accounts receivable for these business units. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2301 8 With respect to revenue and accounts receivable at certain other business units that the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test revenue and accounts receivable for these business units. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 30 During the year the issuer recognized certain revenue upon its delivery of products to a customer and also delivered additional products to this customer in exchange for the return of products sold to the customer in the previous year. The firm did not identify and evaluate that the issuer's conclusion that certain criteria required to recognize revenue for the products sold to this customer had been met was not in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 30 During the year the issuer recognized certain revenue upon its delivery of products to a customer and also delivered additional products to this customer in exchange for the return of products sold to the customer in the previous year. The firm did not identify and evaluate that the issuer's conclusion that the exchange of products did not represent a product return was not in conformity with FASB ASC Topic 606. (AS 2810.30) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2301 8 The issuer entered into arrangements to purchase inventory from certain suppliers. The firm did not evaluate whether these arrangements represented firm purchase commitments for which a loss should have been recognized under FASB ASC Topic 330 Inventory. Further the firm did not evaluate whether these arrangements created an unconditional performance obligation that would have required disclosure under FASB ASC Topic 440 Commitments. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 1 AS 2201 46 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to certain revenue and insurance-related liabilities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple information technology (IT) systems to initiate process and record transactions related to certain revenue and insurance-related liabilities. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 2 AS 2201 39 The firm selected for testing a control at three of the issuer's business units that consisted of the issuer's monitoring and review of changes to certain of these IT systems. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain system change reports that the control owners used in the operation of this control at all three business units. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm selected for testing a control at three of the issuer's business units that consisted of the issuer's monitoring and review of changes to certain of these IT systems. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain system change reports that the control owners used in the operation of this control at all three business units. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 3 AS 2201 42 The firm selected for testing a control at three of the issuer's business units that consisted of the issuer's monitoring and review of changes to certain of these IT systems. The following deficiencies were identified: · For the control at one of these business units the firm did not evaluate the specific review procedures that the control owner performed to assess whether the system changes were appropriate. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 3 AS 2201 44 The firm selected for testing a control at three of the issuer's business units that consisted of the issuer's monitoring and review of changes to certain of these IT systems. The following deficiencies were identified: · For the control at one of these business units the firm did not evaluate the specific review procedures that the control owner performed to assess whether the system changes were appropriate. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm selected for testing a control at three of the issuer's business units that consisted of the issuer's monitoring and review of changes to certain of these IT systems. The following deficiencies were identified: · For the control at one of these business units the firm did not evaluate the specific review procedures that the control owner performed to assess whether the system changes were appropriate. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm selected for testing a control at three of the issuer's business units that consisted of the issuer's monitoring and review of changes to certain of these IT systems. The following deficiencies were identified: · For the control at one of these business units the firm did not evaluate the specific review procedures that the control owner performed to assess whether the system changes were appropriate. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 4 AS 1105 10 The firm selected for testing a control at these three business units that consisted of the issuer's approval of changes to these IT systems and testing of those changes prior to implementation into the production environment. The following deficiencies were identified: · The firm used the system change reports discussed above to select its samples for testing this control at all three business units but did not test or test any controls over the completeness of these reports. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The firm selected for testing a control at these three business units that consisted of the issuer's approval of changes to these IT systems and testing of those changes prior to implementation into the production environment. The following deficiencies were identified: · The firm used the system change reports discussed above to select its samples for testing this control at all three business units but did not test or test any controls over the completeness of these reports. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 5 AS 2201 42 The firm selected for testing a control at these three business units that consisted of the issuer's approval of changes to these IT systems and testing of those changes prior to implementation into the production environment. The following deficiencies were identified: · The firm performed certain of its testing of this control at all three business units in the issuer's testing environment rather than in its production environment but did not perform any procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 5 AS 2201 44 The firm selected for testing a control at these three business units that consisted of the issuer's approval of changes to these IT systems and testing of those changes prior to implementation into the production environment. The following deficiencies were identified: · The firm performed certain of its testing of this control at all three business units in the issuer's testing environment rather than in its production environment but did not perform any procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 42 The firm selected for testing a control at these three business units that consisted of the issuer's approval of changes to these IT systems and testing of those changes prior to implementation into the production environment. The following deficiencies were identified: · The firm performed certain of its testing of this control at all three business units in the issuer's testing environment rather than in its production environment but did not perform any procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 44 The firm selected for testing a control at these three business units that consisted of the issuer's approval of changes to these IT systems and testing of those changes prior to implementation into the production environment. The following deficiencies were identified: · The firm performed certain of its testing of this control at all three business units in the issuer's testing environment rather than in its production environment but did not perform any procedures to determine whether the testing environment was consistent with the production environment. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 6 AS 2301 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 6 AS 2301 18 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 6 AS 2301 37 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 6 AS 2315 19 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 6 AS 2315 23 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 6 AS 2315 23A As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 16 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 18 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 37 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 19 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23A As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue at two of these business units were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 7 AS 1105 10 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm did not perform sufficient procedures to test or sufficiently test controls over the completeness of certain system-generated data or reports that the firm used in its substantive testing of insurance-related liabilities at one of these business units. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 1105 10 As a result of the firm's control testing deficiencies discussed above the firm did not perform sufficient substantive procedures as follows: · The firm did not perform sufficient procedures to test or sufficiently test controls over the completeness of certain system-generated data or reports that the firm used in its substantive testing of insurance-related liabilities at one of these business units. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 For revenue at one of the issuer's segments the firm did not identify and test any controls over the accuracy and completeness of certain customer order data that were entered or transferred into the issuer's systems and used to recognize revenue. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 For revenue at one of the issuer's segments the firm did not identify and test any controls over the accuracy and completeness of certain customer order data that were entered or transferred into the issuer's systems and used to recognize revenue. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 16 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 18 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 37 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 19 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23A The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 16 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 18 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 37 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 19 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23 The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23A The sample sizes the firm used in its substantive procedures to test revenue and accounts receivable at this segment were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 With respect to certain of the issuer's disclosures related to revenue the following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of its financial statement disclosures. The firm did not identify and test any controls over the accuracy and completeness of certain issuer-prepared schedules related to revenue that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 With respect to certain of the issuer's disclosures related to revenue the following deficiencies were identified: · The firm used these issuer-prepared schedules in its substantive testing of these revenue disclosures but did not perform any procedures to test or test any controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 39 Certain inventory at one of the issuer's segments was subject to cycle counts and the issuer's cycle-count policy required this inventory to be counted at specific frequencies during the year. The firm did not identify and test any controls that addressed (1) whether each inventory item was counted with sufficient frequency in accordance with the issuer's cycle count policy and (2) the issuer's monitoring of the accuracy of the cycle-count results. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's reviews of the ACL. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the ACL including the significant assumptions used. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reviews of the ACL. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the ACL including the significant assumptions used. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 39 The firm did not identify and test any controls over the accuracy and completeness of certain data that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer recognized certain revenue based on customer contracts that included financing arrangements with the customer. The firm selected for testing a control over this revenue that consisted of the issuer's review and approval of the credit application supporting the customer's ability and intent to pay. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the customer contracts had met the collectability criteria before revenue was recognized. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer recognized certain revenue based on customer contracts that included financing arrangements with the customer. The firm selected for testing a control over this revenue that consisted of the issuer's review and approval of the credit application supporting the customer's ability and intent to pay. The firm did not evaluate the specific review procedures that the control owners performed to assess whether the customer contracts had met the collectability criteria before revenue was recognized. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 The firm's substantive procedures to test this revenue consisted of selecting a sample of transactions for testing. The firm did not evaluate whether these transactions had met the collectability criteria before revenue was recognized beyond reviewing the customer's credit application. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory 1 AS 2510 14 The issuer held certain inventory at external warehouses. The firm did not perform any procedures to test the existence of this inventory. (AS 2510.14) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2501 16 The issuer classified inventory as current or noncurrent based on its estimate of when it expected to sell the inventory. The firm's approach for substantively testing this estimate was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the significant assumptions that the issuer used to develop this estimate. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2810 30 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2810 31 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 39 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer held inventory at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to more extensive audit procedures. The following deficiencies were identified: · Inventory at one of these business units was subject to cycle counts and the issuer used its IT system to determine the frequency with which the items should be counted during the year by assigning a count designation to each inventory item. The firm did not identify and test any controls that addressed whether (1) the issuer's IT system was configured to assign an appropriate count designation to each inventory item and (2) each inventory item was counted with sufficient frequency in accordance with the designated count frequency. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Inventory 2 AS 2201 68 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer held inventory at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to more extensive audit procedures. The following deficiencies were identified: · For a second of these business units the firm identified control deficiencies related to the issuer's cycle counts performed at certain locations including the lack of monitoring of whether the cycle-count results were sufficiently accurate. The firm identified and tested compensating controls that it believed mitigated these deficiencies but did not identify that these compensating controls did not address the accuracy of the cycle-counts results. (AS 2201.68) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Inventory 3 AS 2201 39 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer held inventory at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to more extensive audit procedures. The following deficiencies were identified: · For a third of these business units the firm selected for testing controls over the existence of inventory that included the control owners' use of various system-generated reports in the operation of the controls. The firm did not identify and test any controls that addressed the risk that unauthorized or inappropriate changes could be made to these reports. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer recorded transactions related to revenue at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to less extensive audit procedures. To address the risks of material misstatement related to revenue for these business units the firm selected for testing various entity-level controls. The following deficiencies were identified: · For one segment the firm selected for testing controls that consisted of the issuer's reviews of the forecasts that were used in its entity-level controls over this segment including the assumptions used in these forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer recorded transactions related to revenue at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to less extensive audit procedures. To address the risks of material misstatement related to revenue for these business units the firm selected for testing various entity-level controls. The following deficiencies were identified: · For one segment the firm selected for testing controls that consisted of the issuer's reviews of the forecasts that were used in its entity-level controls over this segment including the assumptions used in these forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer recorded transactions related to revenue at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to less extensive audit procedures. To address the risks of material misstatement related to revenue for these business units the firm selected for testing various entity-level controls. The following deficiencies were identified: · For a second segment the firm selected for testing a control that consisted of the issuer's monthly comparisons of prior-period results to current-period results. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer recorded transactions related to revenue at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to less extensive audit procedures. To address the risks of material misstatement related to revenue for these business units the firm selected for testing various entity-level controls. The following deficiencies were identified: · For a second segment the firm selected for testing a control that consisted of the issuer's monthly comparisons of prior-period results to current-period results. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer recorded transactions related to revenue at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to less extensive audit procedures. To address the risks of material misstatement related to revenue for these business units the firm selected for testing various entity-level controls. The following deficiencies were identified: · For a third segment the firm selected for testing a control that consisted of the issuer's quarterly comparisons of prior-period results to current-period results. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer recorded transactions related to revenue at numerous business units. The firm subjected certain of the issuer's business units that were included within three of the issuer's segments to less extensive audit procedures. To address the risks of material misstatement related to revenue for these business units the firm selected for testing various entity-level controls. The following deficiencies were identified: · For a third segment the firm selected for testing a control that consisted of the issuer's quarterly comparisons of prior-period results to current-period results. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2201 42 The issuer performed quantitative assessments of the possible impairment of its intangible assets at an interim date and at year end using cash-flow forecasts. The firm selected for testing a control that consisted of the issuer's review of these cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions the issuer used in these forecasts. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2201 44 The issuer performed quantitative assessments of the possible impairment of its intangible assets at an interim date and at year end using cash-flow forecasts. The firm selected for testing a control that consisted of the issuer's review of these cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions the issuer used in these forecasts. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 2501 16 The firm's approach for substantively testing the issuer's impairment assessments was to test the issuer's process. The following deficiencies were identified: · For the interim impairment assessment the firm did not sufficiently evaluate the reasonableness of certain significant assumptions because its procedures were limited to inquiring of management and evaluating these assumptions for consistency with the issuer's historical or recent experience. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2501 16 The firm's approach for substantively testing the issuer's impairment assessments was to test the issuer's process. The following deficiencies were identified: · For the year-end impairment assessment the firm did not sufficiently evaluate the reasonableness of certain significant assumptions because it did not evaluate the significant differences between these assumptions and the industry information it had obtained. Further the firm did not perform any procedures to evaluate the reasonableness of certain other significant assumptions. (AS 2501.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 1 AS 2201 39 The firm selected for testing various controls over payroll expenses but did not identify and test any controls over the accuracy of certain payroll data including employee headcount and cost-center data that were used in the operation of these controls. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 2 AS 2305 16 The firm's substantive procedures to test payroll expenses included performing substantive analytical procedures. The firm used employee headcount data produced by the issuer to develop its expectations but did not test or test any controls over the accuracy of these data. (AS 2305.16) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Payroll Expenses 3 AS 2301 8 The issuer allocated its payroll costs to the various types of expenses it reported based on the cost centers to which its employees were assigned. The firm did not perform any substantive procedures to test whether the issuer's allocation of certain of these payroll costs was appropriate. (AS 2301.08) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Going Concern Significant Risk 1 AS 1105 4 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information that was particularly significant to those plans. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Going Concern Significant Risk 1 AS 1105 6 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information that was particularly significant to those plans. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Going Concern Significant Risk 1 AS 2415 3 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information that was particularly significant to those plans. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Going Concern Significant Risk 1 AS 2415 8 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information that was particularly significant to those plans. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Going Concern Significant Risk 1 AS 2415 9 The issuer used forecasted financial information in its evaluation of its ability to continue as a going concern and concluded that the substantial doubt was alleviated by its plans. In evaluating management's plans the firm did not evaluate the relevance and reliability of certain forecasted financial information that was particularly significant to those plans. (AS 1105.04 and .06; AS 2415.03 .08 and .09) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with a single deficiency Allowance for Credit Losses Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the appropriateness of the ACL but did not test the aspect of the control that addressed the accuracy and completeness of information that was included in an issuer-prepared memorandum that the control owners used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A K No ICFR audit only Audits with a single deficiency Allowance for Credit Losses Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the appropriateness of the ACL but did not test the aspect of the control that addressed the accuracy and completeness of information that was included in an issuer-prepared memorandum that the control owners used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A L No Financial statement audit only Audits with a single deficiency Intangible Assets 1 AS 2501 7 The issuer performed a quantitative assessment of the possible impairment of certain intangible assets. The firm did not perform any substantive procedures to test this assessment. (AS 2501.07) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2810 30 During the year the issuer completed numerous nonmonetary exchanges of inventory with various counterparties. The firm did not identify and evaluate the issuer's omission of certain disclosures related to these nonmonetary exchanges that were required under FASB ASC Topic 845 Nonmonetary Transactions. (AS 2810.30 and .31) Annually Inspected 248 Grant Thornton LLP 2024 United States Grant Thornton International Limited 2025-02-26T00:00:00 Part I.A M No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2810 31 During the year the issuer completed numerous nonmonetary exchanges of inventory with various counterparties. The firm did not identify and evaluate the issuer's omission of certain disclosures related to these nonmonetary exchanges that were required under FASB ASC Topic 845 Nonmonetary Transactions. (AS 2810.30 and .31) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2201 46 The issuer used an information technology (IT) system at one component to initiate process and record certain revenue transactions. In its testing of controls over this revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The accuracy and completeness of these data and reports depended on effective IT general controls (ITGCs). As a result of the following deficiencies in the firm's testing of change management ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 10 AS 2810 30 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm did not identify and evaluate a departure from GAAP related to the issuer's recognition of certain revenue. In this instance the issuer's recognition of revenue appears not to have been in conformity with ASC 606. (AS 2810.30) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities Significant Risk 11 AS 2201 42 The issuer engaged an external specialist to assist in determining the fair value of a liability. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its report ('liability valuation report'). The firm used an auditor-employed specialist to assist it with testing the valuation of this liability. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the fair value of the liability as determined by the company's specialist. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain significant assumptions the company's specialist used to determine the fair value of the liability. Further for one quarter tested the firm did not test an aspect of the control related to the control owner's review of the formulas used in the valuation models prepared by the company's specialist. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities Significant Risk 11 AS 2201 44 The issuer engaged an external specialist to assist in determining the fair value of a liability. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its report ('liability valuation report'). The firm used an auditor-employed specialist to assist it with testing the valuation of this liability. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the fair value of the liability as determined by the company's specialist. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain significant assumptions the company's specialist used to determine the fair value of the liability. Further for one quarter tested the firm did not test an aspect of the control related to the control owner's review of the formulas used in the valuation models prepared by the company's specialist. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities Significant Risk 12 AS 1201 C6 The issuer engaged an external specialist to assist in determining the fair value of a liability. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its report ('liability valuation report'). The firm used an auditor-employed specialist to assist it with testing the valuation of this liability. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the valuation of the liability because the auditor-employed specialist did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions used by the company's specialist to determine the fair value of the liability as described below. (AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities Significant Risk 12 AS 1201 C7 The issuer engaged an external specialist to assist in determining the fair value of a liability. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its report ('liability valuation report'). The firm used an auditor-employed specialist to assist it with testing the valuation of this liability. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the valuation of the liability because the auditor-employed specialist did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions used by the company's specialist to determine the fair value of the liability as described below. (AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities Significant Risk 13 AS 1105 A8B The issuer engaged an external specialist to assist in determining the fair value of a liability. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its report ('liability valuation report'). The firm used an auditor-employed specialist to assist it with testing the valuation of this liability. The following deficiency was identified: · The auditor-employed specialist did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed and used by the company's specialist because it limited its procedures to (1) reading the liability valuation report (2) reading certain analysts' reports (3) inquiries of management and (4) performing a sensitivity analysis without evaluating the appropriateness of certain assumptions used in the analysis. (AS 1105.A8b) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities Significant Risk 14 AS 1105 A8B The issuer engaged an external specialist to assist in determining the fair value of a liability. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its report ('liability valuation report'). The firm used an auditor-employed specialist to assist it with testing the valuation of this liability. The following deficiency was identified: · The auditor-employed specialist did not perform procedures to evaluate the reasonableness of another significant assumption developed and used by the company's specialist beyond (1) reading the liability valuation report and publicly available information and (2) inquiries of management the company's specialist and the issuer's largest shareholder. (AS 1105.A8b) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 15 AS 2201 42 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the other investments as presented in a reconciliation schedule including a comparison of the fair value of these investments to the related investment valuation report and/or other supporting documentation. The firm did not test aspects of the control related to (1) the mathematical accuracy of the supporting documentation used in the operation of the control and (2) agreeing an input used in the investment valuation report to the supporting documentation for one of the other investments. Further for certain other investments the firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions used by the company's specialist to determine the fair value of the investments. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 15 AS 2201 44 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the other investments as presented in a reconciliation schedule including a comparison of the fair value of these investments to the related investment valuation report and/or other supporting documentation. The firm did not test aspects of the control related to (1) the mathematical accuracy of the supporting documentation used in the operation of the control and (2) agreeing an input used in the investment valuation report to the supporting documentation for one of the other investments. Further for certain other investments the firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions used by the company's specialist to determine the fair value of the investments. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 16 AS 1105 4 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of external historical financial information for the investee it used to evaluate the reasonableness of an assumption used by the auditor-employed specialist to develop an expectation of the fair value of an aspect of one of the other investments. (AS 1105.04 and .06) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 16 AS 1105 6 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of external historical financial information for the investee it used to evaluate the reasonableness of an assumption used by the auditor-employed specialist to develop an expectation of the fair value of an aspect of one of the other investments. (AS 1105.04 and .06) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 17 AS 2501 16 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · When testing the issuer's process the firm did not perform procedures to evaluate the reasonableness of a significant assumption used by the company's specialist to determine the fair value of an aspect of one of the other investments at the inception date. (AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 18 AS 1105 A8B The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · When testing the issuer's process the firm did not sufficiently evaluate the work of the auditor- employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the reasonableness of a significant assumption developed and used by the company's specialist to determine the fair value of certain other investments. (AS 1105.A8b; AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 18 AS 1201 C6 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · When testing the issuer's process the firm did not sufficiently evaluate the work of the auditor- employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the reasonableness of a significant assumption developed and used by the company's specialist to determine the fair value of certain other investments. (AS 1105.A8b; AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Other Investments 18 AS 1201 C7 The issuer engaged an external specialist to assist in determining the fair value of certain other investments. The company's specialist used various inputs and assumptions some of which the engagement team considered to be significant to prepare the various valuation models included in its reports ('investment valuation reports'). The firm used an auditor-employed specialist to assist in testing the valuation of these other investments. The firm's approach to test the valuation of these other investments was to test the issuer's process. For one such investment the auditor-employed specialist also developed an expectation of the fair value of an aspect of the investment. The following deficiency was identified: · When testing the issuer's process the firm did not sufficiently evaluate the work of the auditor- employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the reasonableness of a significant assumption developed and used by the company's specialist to determine the fair value of certain other investments. (AS 1105.A8b; AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 19 AS 2201 42 The issuer reported goodwill at several reporting units and evaluated certain reporting units for impairment using a discounted cash flow model ('DCF model') which relied on various assumptions. The firm's approach to substantively test the issuer's goodwill impairment analysis for one reporting unit was to test the issuer's process. The firm also developed an independent expectation of the issuer's annual revenue growth rates for this reporting unit and compared those expectations to the annual revenue growth rate assumptions used by the issuer in the DCF model. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the goodwill impairment analysis for each reporting unit. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain assumptions used in the goodwill impairment analysis for certain reporting units. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 19 AS 2201 44 The issuer reported goodwill at several reporting units and evaluated certain reporting units for impairment using a discounted cash flow model ('DCF model') which relied on various assumptions. The firm's approach to substantively test the issuer's goodwill impairment analysis for one reporting unit was to test the issuer's process. The firm also developed an independent expectation of the issuer's annual revenue growth rates for this reporting unit and compared those expectations to the annual revenue growth rate assumptions used by the issuer in the DCF model. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the goodwill impairment analysis for each reporting unit. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of certain assumptions used in the goodwill impairment analysis for certain reporting units. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 2 AS 1105 10 The firm selected for testing two change management controls over this IT system that consisted of the (1) restricting of access to deploy system changes into the production environment to authorized personnel and (2) documentation review testing and approval of system changes prior to their migration into the production environment. The issuer documented the system changes in tickets that were entered into a change ticket tracking system. The following deficiency was identified: · The firm did not perform sufficient procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing these controls because it limited its procedures to obtaining listings of change tickets from the change ticket tracking system without contemplating potential changes that were not captured in that system. (AS 1105.10) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 20 AS 2501 16 The issuer reported goodwill at several reporting units and evaluated certain reporting units for impairment using a discounted cash flow model ('DCF model') which relied on various assumptions. The firm's approach to substantively test the issuer's goodwill impairment analysis for one reporting unit was to test the issuer's process. The firm also developed an independent expectation of the issuer's annual revenue growth rates for this reporting unit and compared those expectations to the annual revenue growth rate assumptions used by the issuer in the DCF model. The following deficiency was identified: · For the one reporting unit referred to above the firm did not perform sufficient procedures to evaluate the reasonableness of the annual revenue growth assumptions which the firm considered to be significant assumptions used by the issuer in its goodwill impairment analysis because the firm did not demonstrate that it had a reasonable basis for (1) selecting the comparable companies it used to develop its independent expectation of the average annual revenue growth rate over a six-year period and (2) assuming that the ratio of advertising expenses to revenue ('advertising ratio') generated would be predictive of the revenue growth rate for 2023. Further the firm did not perform procedures to evaluate differences between the (1) annual revenue growth rate assumptions used by the issuer and the compound annual revenue growth rates for the industry beyond determining the market share the issuer would need to capture to achieve its revenue growth rate for 2023 and (2) industry advertising ratio and the advertising ratio used by the issuer. (AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 21 AS 2201 42 The issuer engaged an external specialist to assist in determining the fair value of certain of the issuer's debt. The company's specialist prepared a valuation model using inputs determined by the specialist and the issuer used the information provided by the specialist to estimate the changes to the fair value of the debt. The firm selected for testing a control that consisted of management's review of the inputs used by the company's specialist in the valuation model for reasonableness. The following deficiency was identified: · The firm did not test aspects of the control related to management's review of (1) one of the inputs used in the valuation model and (2) the mathematical accuracy of the changes to the fair value of the debt. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 21 AS 2201 44 The issuer engaged an external specialist to assist in determining the fair value of certain of the issuer's debt. The company's specialist prepared a valuation model using inputs determined by the specialist and the issuer used the information provided by the specialist to estimate the changes to the fair value of the debt. The firm selected for testing a control that consisted of management's review of the inputs used by the company's specialist in the valuation model for reasonableness. The following deficiency was identified: · The firm did not test aspects of the control related to management's review of (1) one of the inputs used in the valuation model and (2) the mathematical accuracy of the changes to the fair value of the debt. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 22 AS 2201 42 The issuer engaged an external specialist to assist in determining the fair value of certain of the issuer's debt. The company's specialist prepared a valuation model using inputs determined by the specialist and the issuer used the information provided by the specialist to estimate the changes to the fair value of the debt. The firm selected for testing a control that consisted of management's review of the inputs used by the company's specialist in the valuation model for reasonableness. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain other inputs used in the valuation model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 22 AS 2201 44 The issuer engaged an external specialist to assist in determining the fair value of certain of the issuer's debt. The company's specialist prepared a valuation model using inputs determined by the specialist and the issuer used the information provided by the specialist to estimate the changes to the fair value of the debt. The firm selected for testing a control that consisted of management's review of the inputs used by the company's specialist in the valuation model for reasonableness. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain other inputs used in the valuation model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 23 AS 2201 42 The issuer engaged an external specialist to assist in determining the fair value of certain of the issuer's debt. The company's specialist prepared a valuation model using inputs determined by the specialist and the issuer used the information provided by the specialist to estimate the changes to the fair value of the debt. The firm selected for testing a control that consisted of management's review of the inputs used by the company's specialist in the valuation model for reasonableness. The following deficiency was identified: · For one of the quarters tested the firm did not (1) agree the inputs used in the valuation model to the inputs provided by the company's specialist and (2) evaluate the specific review procedures that the control owner performed to assess the reasonableness of one such input. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 23 AS 2201 44 The issuer engaged an external specialist to assist in determining the fair value of certain of the issuer's debt. The company's specialist prepared a valuation model using inputs determined by the specialist and the issuer used the information provided by the specialist to estimate the changes to the fair value of the debt. The firm selected for testing a control that consisted of management's review of the inputs used by the company's specialist in the valuation model for reasonableness. The following deficiency was identified: · For one of the quarters tested the firm did not (1) agree the inputs used in the valuation model to the inputs provided by the company's specialist and (2) evaluate the specific review procedures that the control owner performed to assess the reasonableness of one such input. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 3 AS 2201 42 The firm selected for testing two change management controls over this IT system that consisted of the (1) restricting of access to deploy system changes into the production environment to authorized personnel and (2) documentation review testing and approval of system changes prior to their migration into the production environment. The issuer documented the system changes in tickets that were entered into a change ticket tracking system. The following deficiency was identified: · The firm did not test an aspect of the first control related to the segregation of duties between system change developers and deployers. (AS 2201.42 and .44) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 3 AS 2201 44 The firm selected for testing two change management controls over this IT system that consisted of the (1) restricting of access to deploy system changes into the production environment to authorized personnel and (2) documentation review testing and approval of system changes prior to their migration into the production environment. The issuer documented the system changes in tickets that were entered into a change ticket tracking system. The following deficiency was identified: · The firm did not test an aspect of the first control related to the segregation of duties between system change developers and deployers. (AS 2201.42 and .44) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 5 AS 2201 68 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm selected for testing controls over this revenue that consisted of (1) management's review and approval of sales orders created in this IT system and (2) management's review of new prices and changes to existing prices before those prices and changes were uploaded into this IT system. The firm identified deficiencies in the design and operating effectiveness of these controls. The firm identified and tested compensating controls that it believed would mitigate the deficiencies. The firm did not identify that these compensating controls did not address the risks of material misstatement related to inaccurate and unauthorized sales orders and prices related to this revenue. (AS 2201.68) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 6 AS 2201 39 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm did not identify and test any controls that would address risks associated with improper revenue recognition from certain sales. (AS 2201.39) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 7 AS 2201 39 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy of the fulfillment status in this IT system. (AS 2201.39) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 8 AS 2201 42 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of a sales discounts/rebates analysis workbook and the related journal entry to record the sales discounts/rebates. The firm did not perform sufficient procedures to test the accuracy and completeness of the revenue report which was used in the operation of this control because it did not perform procedures to verify that it was a standard report within the scope of the service auditor's report beyond inquires of management. (AS 2201.42) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 9 AS 2301 11 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether certain revenue was recognized in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers ('ASC 606') because at the time revenue was recognized for certain transactions the firm did not obtain any evidence that a legally enforceable contract existed or that the performance obligation was satisfied. (AS 2301.08 and .11) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 9 AS 2301 8 The issuer used a different IT system at another component which was an outsourced application to initiate process and record revenue transactions. The firm inspected the related service auditor's report for this system and noted that the accuracy and completeness of standard reports generated from this system were addressed through certain ITGCs over the system that were tested by the service auditor. The service auditor's report however did not specifically identify the standard reports that were addressed through these ITGC's. For certain revenue transactions invoices were generated and revenue was recognized once the order fulfillment status in the system indicated that the orders had been fulfilled. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether certain revenue was recognized in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers ('ASC 606') because at the time revenue was recognized for certain transactions the firm did not obtain any evidence that a legally enforceable contract existed or that the performance obligation was satisfied. (AS 2301.08 and .11) Unrelated to our review the issuer filed a Form 8-K indicating that its previously issued financial statements and the firm's related audit reports should not be relied upon because of certain material misstatements contained in the financial statements. The issuer corrected the misstatements and reported that its ICFR was not effective. The firm also expressed an adverse opinion on the effectiveness of the issuer's ICFR. Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 1 AS 2201 42 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm selected for testing a control that included management's review of (1) the cost assumptions used in the financial budget and (2) adjustments made to the financial budget to derive the budget model. The firm did not (1) evaluate the criteria that the control owners used to identify matters for follow-up when evaluating the reasonableness of certain cost assumptions used in the financial budget and (2) test an aspect of the control related to the adjustments made to the financial budget when deriving the budget model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 1 AS 2201 44 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm selected for testing a control that included management's review of (1) the cost assumptions used in the financial budget and (2) adjustments made to the financial budget to derive the budget model. The firm did not (1) evaluate the criteria that the control owners used to identify matters for follow-up when evaluating the reasonableness of certain cost assumptions used in the financial budget and (2) test an aspect of the control related to the adjustments made to the financial budget when deriving the budget model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 1 AS 2201 42 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm selected for testing a control that included management's review of (1) the cost assumptions used in the financial budget and (2) adjustments made to the financial budget to derive the budget model. The firm did not (1) evaluate the criteria that the control owners used to identify matters for follow-up when evaluating the reasonableness of certain cost assumptions used in the financial budget and (2) test an aspect of the control related to the adjustments made to the financial budget when deriving the budget model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 1 AS 2201 44 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm selected for testing a control that included management's review of (1) the cost assumptions used in the financial budget and (2) adjustments made to the financial budget to derive the budget model. The firm did not (1) evaluate the criteria that the control owners used to identify matters for follow-up when evaluating the reasonableness of certain cost assumptions used in the financial budget and (2) test an aspect of the control related to the adjustments made to the financial budget when deriving the budget model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 2 AS 2201 39 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of certain inputs used in the DCF model. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 2 AS 2201 39 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of certain inputs used in the DCF model. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 3 AS 2201 42 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm did not assess the effect of the issuer not evaluating certain risk factors applied to the inputs on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 3 AS 2201 42 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm did not assess the effect of the issuer not evaluating certain risk factors applied to the inputs on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 4 AS 2810 30 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm did not identify and evaluate a departure from IFRS related to the issuer incorrectly disclosing that it used a pre-tax discount rate to estimate the present value of the future cash flows in the DCF model. (AS 2810.30 and .31) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 4 AS 2810 31 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm did not identify and evaluate a departure from IFRS related to the issuer incorrectly disclosing that it used a pre-tax discount rate to estimate the present value of the future cash flows in the DCF model. (AS 2810.30 and .31) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 4 AS 2810 30 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm did not identify and evaluate a departure from IFRS related to the issuer incorrectly disclosing that it used a pre-tax discount rate to estimate the present value of the future cash flows in the DCF model. (AS 2810.30 and .31) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 4 AS 2810 31 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm did not identify and evaluate a departure from IFRS related to the issuer incorrectly disclosing that it used a pre-tax discount rate to estimate the present value of the future cash flows in the DCF model. (AS 2810.30 and .31) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 5 AS 1105 10 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm used the financial budget to substantively test certain other liabilities but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of the financial budget. (AS 1105.10) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Significant Risk 5 AS 1105 10 The issuer identified an indicator of potential impairment for certain long-lived assets and performed an impairment analysis to evaluate the assets for impairment. As part of its impairment analysis the issuer estimated the recoverable amount of the cash-generating unit using a DCF model which included cash flows from another model ('budget model') that were derived from the issuer's financial budget and adjusted using certain other information. The issuer used a post-tax discount rate to estimate the present value of the future cash flows in the DCF model. The issuer also used the financial budget to estimate the valuation of certain other liabilities. The following deficiency was identified: · The firm used the financial budget to substantively test certain other liabilities but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of the financial budget. (AS 1105.10) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2201 42 The issuer engaged an external specialist to assist in determining the fair value of certain intangible assets acquired in a business combination. The following deficiency was identified: · The firm selected for testing controls that consisted of management's review of certain information prepared by the issuer and other data inputs all of which were used by the company's specialist to determine the fair value of certain intangible assets acquired in the business combination. The firm did not test an aspect of the controls related to the accuracy of certain data that the issuer provided to the company's specialist. Further with respect to certain assumptions in the information used by the company's specialist the firm did not (1) evaluate whether the thresholds used by the control owners to evaluate the reasonableness of certain assumptions were sufficiently precise to detect misstatements that could be material (2) evaluate the specific review procedures that the control owners performed to assess the reasonableness of those assumptions and (3) evaluate the criteria that the control owners used to identify matters for follow-up when evaluating the reasonableness of another assumption. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2201 44 The issuer engaged an external specialist to assist in determining the fair value of certain intangible assets acquired in a business combination. The following deficiency was identified: · The firm selected for testing controls that consisted of management's review of certain information prepared by the issuer and other data inputs all of which were used by the company's specialist to determine the fair value of certain intangible assets acquired in the business combination. The firm did not test an aspect of the controls related to the accuracy of certain data that the issuer provided to the company's specialist. Further with respect to certain assumptions in the information used by the company's specialist the firm did not (1) evaluate whether the thresholds used by the control owners to evaluate the reasonableness of certain assumptions were sufficiently precise to detect misstatements that could be material (2) evaluate the specific review procedures that the control owners performed to assess the reasonableness of those assumptions and (3) evaluate the criteria that the control owners used to identify matters for follow-up when evaluating the reasonableness of another assumption. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8a The issuer engaged an external specialist to assist in determining the fair value of certain intangible assets acquired in a business combination. The following deficiency was identified: · The firm did not perform any procedures to test or test any controls over the accuracy of certain data that the issuer provided to the company's specialist and used by the specialist to develop an assumption that was then used by the specialist to determine the fair value of certain intangible assets acquired in the business combination. (AS 1105.A8a) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 2301 8 The issuer engaged an external specialist to assist in determining the fair value of certain intangible assets acquired in a business combination. The following deficiency was identified: · The firm did not perform procedures beyond documenting that certain disclosures were not material to evaluate whether the issuer made all required disclosures related to the business combination in conformity with FASB ASC Topic 805 Business Combinations. (AS 2301.08) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Cash Flows 4 AS 2201 42 The firm selected for testing a control that consisted of management's review of the statement of cash flows. The firm did not assess the effect of the issuer not evaluating the accuracy and completeness of certain data used in the operation of the control on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 42 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the appropriateness of the ACL for certain loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the (1) appropriateness of the method(s) used by the company's specialists to determine the value of the collateral (2) reasonableness of the assumptions used by the company's specialists to determine the value of the collateral and (3) reasonableness of the collateral adjustment percentage used in the DCF model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 44 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of the appropriateness of the ACL for certain loans. The firm did not evaluate the specific review procedures that the control owner performed to assess the (1) appropriateness of the method(s) used by the company's specialists to determine the value of the collateral (2) reasonableness of the assumptions used by the company's specialists to determine the value of the collateral and (3) reasonableness of the collateral adjustment percentage used in the DCF model. (AS 2201.42 and .44) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A10 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A4 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A5 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A6 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A7 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A8 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 1105 A9 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2501 16 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the value of the collateral as determined by the company's specialists beyond reading the valuation reports prepared by the company's specialists and assessing the knowledge skills and ability of the specialists. (AS 1105.A4 - .A10; AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2501 16 For certain loans the issuer estimated the allowance for credit losses ('ACL') by comparing the respective loan's outstanding balance to the output of a DCF model which included various assumptions. One of the significant assumptions used in the DCF model was dependent on another significant assumption which was the value of the underlying collateral for the respective loans as determined by various external specialists engaged by the issuer. The firm's approach to test the ACL for these loans was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the collateral adjustment percentage which the firm considered to be a significant assumption used in the DCF model beyond comparing the collateral adjustment percentage to the issuer's policy of acceptable collateral ranges. (AS 2501.16) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1201 C6 The issuer engaged an external specialist to assist in determining the fair value of an intangible asset acquired in a business combination and the firm used an auditor-employed specialist to assist it with testing the valuation of this intangible asset. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist as it did not identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the valuation of the intangible asset because the auditor-employed specialist did not perform sufficient procedures to evaluate the work of the company's specialist as described below. (AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1201 C7 The issuer engaged an external specialist to assist in determining the fair value of an intangible asset acquired in a business combination and the firm used an auditor-employed specialist to assist it with testing the valuation of this intangible asset. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist as it did not identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence regarding the valuation of the intangible asset because the auditor-employed specialist did not perform sufficient procedures to evaluate the work of the company's specialist as described below. (AS 1201.C6 and .C7) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8a The issuer engaged an external specialist to assist in determining the fair value of an intangible asset acquired in a business combination and the firm used an auditor-employed specialist to assist it with testing the valuation of this intangible asset. The following deficiency was identified: · The auditor-employed specialist did not perform procedures to evaluate the relevance and reliability of data from external sources that the company's specialist used to develop an assumption that was then used to determine the fair value of the intangible asset. (AS 1105.A8a) Triennially Inspected 85 KPMG LLP 2023 Canada KPMG International Cooperative 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 1105 A8b The issuer engaged an external specialist to assist in determining the fair value of an intangible asset acquired in a business combination and the firm used an auditor-employed specialist to assist it with testing the valuation of this intangible asset. The following deficiency was identified: · The auditor-employed specialist did not perform procedures to evaluate the reasonableness of a significant assumption developed and used by the company's specialist to determine the fair value of the intangible asset beyond reading the valuation report prepared by the company's specialist and identifying qualitative factors that could result in a significant difference between the assumption and the range for that assumption identified by the company's specialist. (AS 1105.A8b) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over revenue. The following deficiency was identified: · For certain controls over the recording of revenue that consisted of matching information from the invoice to other data the firm did not directly test the operating effectiveness of the controls because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over revenue. The following deficiency was identified: · For certain controls over the recording of revenue that consisted of matching information from the invoice to other data the firm did not directly test the operating effectiveness of the controls because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 B9 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over revenue. The following deficiency was identified: · For certain controls over the recording of revenue that consisted of matching information from the invoice to other data the firm did not directly test the operating effectiveness of the controls because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over revenue. The following deficiency was identified: · For certain management review controls the firm did not evaluate the specific review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over revenue. The following deficiency was identified: · For certain management review controls the firm did not evaluate the specific review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing certain controls over revenue. The following deficiency was identified: · The firm did not perform procedures to test or identify and test any controls over the accuracy and completeness of certain system-generated reports it used to make its selections for testing the operating effectiveness of certain controls over revenue. (AS 1105.10) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 16 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 18 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 37 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 19 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23A The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The sample size the firm used in its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Asset 5 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not identify and test any controls over the accuracy and completeness of certain issuer-produced data and/or reports used in the operation of certain controls over a certain asset. (AS 2201.39) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 6 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing a control over the initiation and approval of wire transfers. The firm did not identify and test any controls over segregation of duties between the initiator the approver and the sender of wire transfers. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Cash 6 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm selected for testing a control over the initiation and approval of wire transfers. The firm did not identify and test any controls over segregation of duties between the initiator the approver and the sender of wire transfers. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Information Technology General Controls 1 AS 2201 42 The firm tested certain ITGCs over the issuer's logical access and change management for the issuer's system. The following deficiency was identified: · The firm did not sufficiently evaluate the specific procedures that the control owners performed to determine whether to grant role access to users or whether the granted role access continued to be appropriate because its procedures to test the design and operating effectiveness did not include any procedures related to assessing the appropriateness of the roles configured within the system. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Information Technology General Controls 1 AS 2201 44 The firm tested certain ITGCs over the issuer's logical access and change management for the issuer's system. The following deficiency was identified: · The firm did not sufficiently evaluate the specific procedures that the control owners performed to determine whether to grant role access to users or whether the granted role access continued to be appropriate because its procedures to test the design and operating effectiveness did not include any procedures related to assessing the appropriateness of the roles configured within the system. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Information Technology General Controls 2 AS 1105 10 The firm tested certain ITGCs over the issuer's logical access and change management for the issuer's system. The following deficiency was identified: · The firm did not sufficiently test the design and operating effectiveness of certain ITGCs related to change management because its procedures to test the completeness of the population of changes were limited to observing the generation of change information from an application outside the issuer's primary system and obtaining an administrator activity log. (AS 1105.10) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Information Technology General Controls 3 AS 2201 46 As a result of the deficiencies in the firm's ITGC testing the firm did not sufficiently test whether the information technology (IT) automated application controls and the IT-dependent manual controls it selected for testing over revenue and a certain asset were effective as each control was dependent on the effectiveness of ITGCs. (AS 2201.46) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 42 The firm selected for testing certain review controls over revenue. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the appropriateness of the (1) timing of revenue recognition and (2) price changes from the issuer's system. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 44 The firm selected for testing certain review controls over revenue. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the appropriateness of the (1) timing of revenue recognition and (2) price changes from the issuer's system. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 16 The sample size the firm used in its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 18 The sample size the firm used in its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 37 The sample size the firm used in its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 19 The sample size the firm used in its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23 The sample size the firm used in its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23A The sample size the firm used in its substantive procedures to test certain revenue was too small to provide sufficient appropriate audit evidence because the procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Asset Significant Risk 6 AS 2201 42 The firm selected for testing certain review controls over a certain asset. The firm did not evaluate the specific review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 207 BPM LLP 2024 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Asset Significant Risk 6 AS 2201 44 The firm selected for testing certain review controls over a certain asset. The firm did not evaluate the specific review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 344 Wipfli LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform sufficient procedures to evaluate whether all performance obligations were appropriately identified because it did not (1) perform procedures to identify and review all customer agreements/contracts that may contain promises to provide distinct goods or services and (2) evaluate whether any such promises identified should be accounted for as separate performance obligations. (AS 2301.08 and .13) Triennially Inspected 344 Wipfli LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform sufficient procedures to evaluate whether all performance obligations were appropriately identified because it did not (1) perform procedures to identify and review all customer agreements/contracts that may contain promises to provide distinct goods or services and (2) evaluate whether any such promises identified should be accounted for as separate performance obligations. (AS 2301.08 and .13) Triennially Inspected 344 Wipfli LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain system-generated data it used to substantively test revenue. (AS 1105.10) Triennially Inspected 344 Wipfli LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 1 AS 1105 27 To test rollover contributions the firm selected certain rollover contributions that met specific criteria to evaluate whether they were appropriately recognized in accordance with the terms of the plan document. The firm did not perform any substantive procedures to test the remaining population of rollover contributions to address the assessed risk of material misstatement. (AS 1105.27; AS 2301.08) Triennially Inspected 344 Wipfli LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Participant and Employer Contributions 1 AS 2301 8 To test rollover contributions the firm selected certain rollover contributions that met specific criteria to evaluate whether they were appropriately recognized in accordance with the terms of the plan document. The firm did not perform any substantive procedures to test the remaining population of rollover contributions to address the assessed risk of material misstatement. (AS 1105.27; AS 2301.08) Triennially Inspected 673 Richey, May & Co., LLP 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2201 42 The issuer's ALL included a qualitative reserve based on various qualitative factors. The following deficiency was identified: · The firm selected for testing two review controls over the issuer's determination of the qualitative reserve. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions used to develop the qualitative factors used in determining the qualitative reserve. (AS 2201.42 and .44) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2201 44 The issuer's ALL included a qualitative reserve based on various qualitative factors. The following deficiency was identified: · The firm selected for testing two review controls over the issuer's determination of the qualitative reserve. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the assumptions used to develop the qualitative factors used in determining the qualitative reserve. (AS 2201.42 and .44) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2501 16 The issuer's ALL included a qualitative reserve based on various qualitative factors. The following deficiency was identified: · The firm did not perform procedures to evaluate whether the issuer had a reasonable basis for the significant assumptions used to determine the qualitative reserve beyond obtaining and reading an issuer-prepared narrative. (AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 3 AS 2201 39 The issuer monitored loan delinquency and used that information to identify potential problem loans for impairment evaluation. The firm did not identify and test any controls over the identification and classification of past due loans within the issuer's loan system. (AS 2201.39) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 42 The firm selected for testing a control over the review of potential other-than-temporary-impairment on available-for-sale investment securities. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 44 The firm selected for testing a control over the review of potential other-than-temporary-impairment on available-for-sale investment securities. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2810 17 The firm did not sufficiently evaluate a departure from GAAP related to the issuer's recording of certain available-for-sale investment securities at par value rather than fair value in accordance with FASB ASC Topic 320 Investments — Debt Securities because it did not evaluate whether the uncorrected misstatement was material taking into account relevant quantitative and qualitative considerations in materiality judgments. (AS 2810.17 .30 and .31) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2810 30 The firm did not sufficiently evaluate a departure from GAAP related to the issuer's recording of certain available-for-sale investment securities at par value rather than fair value in accordance with FASB ASC Topic 320 Investments — Debt Securities because it did not evaluate whether the uncorrected misstatement was material taking into account relevant quantitative and qualitative considerations in materiality judgments. (AS 2810.17 .30 and .31) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2810 31 The firm did not sufficiently evaluate a departure from GAAP related to the issuer's recording of certain available-for-sale investment securities at par value rather than fair value in accordance with FASB ASC Topic 320 Investments — Debt Securities because it did not evaluate whether the uncorrected misstatement was material taking into account relevant quantitative and qualitative considerations in materiality judgments. (AS 2810.17 .30 and .31) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 1210 12 The firm engaged a specialist to evaluate the fair value hierarchy classifications for the issuer's available-for-sale investment securities. The firm did not perform additional procedures beyond consideration of directional risk or request that the auditor-engaged specialist perform additional procedures to address the specialist's findings that appeared to contradict the issuer's presentation of these investment securities within the fair value hierarchy. (AS 1210.12; AS 2301.08) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2301 8 The firm engaged a specialist to evaluate the fair value hierarchy classifications for the issuer's available-for-sale investment securities. The firm did not perform additional procedures beyond consideration of directional risk or request that the auditor-engaged specialist perform additional procedures to address the specialist's findings that appeared to contradict the issuer's presentation of these investment securities within the fair value hierarchy. (AS 1210.12; AS 2301.08) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 7 AS 2201 68 The firm identified a deficiency related to the ability of individuals to post journal entries without review or approval. The firm tested two controls that it believed would compensate for this deficiency but did not identify that these controls did not address the risk of material misstatement related to unapproved journal entries. (AS 2201.68) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 8 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm selected for testing certain journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test journal entries because it did not have an appropriate rationale for limiting its procedures to certain journal entries that met the fraud criteria. (AS 2401.61) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 1 AS 2201 39 The issuer performed cycle counts of inventory at a location. The following deficiency was identified: · The firm did not identify and test any controls that addressed whether all of the inventory items were assigned a frequency to be counted and the appropriateness of the assignment. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 10 AS 2301 11 For one other location the firm did not perform any substantive procedures to test the existence of inventory at year end. (AS 2301.08 and .11) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 10 AS 2301 8 For one other location the firm did not perform any substantive procedures to test the existence of inventory at year end. (AS 2301.08 and .11) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 11 AS 2201 42 The firm selected for testing a control over the review of inventory reserves. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the inventory reserve. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 11 AS 2201 44 The firm selected for testing a control over the review of inventory reserves. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the inventory reserve. (AS 2201.42 and .44) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 12 AS 2201 39 The firm selected for testing a control over the review of inventory reserves. The firm did not identify and test any controls over the accuracy and completeness of information used in the operation of this control (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 13 AS 1105 10 The firm's approach for substantively testing inventory reserves was to test the issuer's process used to develop the reserve. The firm did not perform procedures to test or identify and test any controls over the completeness of certain information it used to substantively test the inventory reserve. (AS 1105.10) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 14 AS 2501 16 The firm's approach for substantively testing inventory reserves was to test the issuer's process used to develop the reserve. The firm did not perform procedures beyond inquiry to evaluate the reasonableness of significant assumptions used to determine the inventory reserve. (AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2201 39 The issuer performed cycle counts of inventory at a location. The following deficiency was identified: · The firm did not identify and test any controls over the issuer's review of cycle count results including any related inventory adjustments. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 3 AS 2510 11 The issuer performed cycle counts of inventory at a location. The following deficiency was identified: · Due to the deficiencies described the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 4 AS 2201 68 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · The firm identified and tested various review controls that it believed would mitigate the deficiencies. The firm did not perform procedures to evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.68) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 5 AS 2201 68 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · The firm identified and tested various review controls that it believed would mitigate the deficiencies. The firm did not identify and test any controls over the accuracy and completeness of the information used in these reviews. (AS 2201.68) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 6 AS 2315 16 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · For one of these locations the firm attended the cycle counts at year end and performed test count procedures. The sample size the firm used for its test count procedures was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 6 AS 2315 19 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · For one of these locations the firm attended the cycle counts at year end and performed test count procedures. The sample size the firm used for its test count procedures was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 6 AS 2315 23 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · For one of these locations the firm attended the cycle counts at year end and performed test count procedures. The sample size the firm used for its test count procedures was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 6 AS 2315 23A The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · For one of these locations the firm attended the cycle counts at year end and performed test count procedures. The sample size the firm used for its test count procedures was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 11 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · For two of these locations the firm did not perform any substantive procedures to test the existence of inventory at year end. (AS 2301.08 and .11) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 8 The issuer performed cycle counts of inventory at other locations. The firm identified deficiencies in the design and operating effectiveness of these controls at year end. The following deficiency was identified: · For two of these locations the firm did not perform any substantive procedures to test the existence of inventory at year end. (AS 2301.08 and .11) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 8 AS 2201 39 The firm did not identify and test any controls for certain locations where the issuer performed full physical inventory observations. (AS 2201.39) Unrelated to our review the issuer reevaluated its controls over inventory and concluded that material weaknesses existed that had not been previously identified. The issuer subsequently reflected these material weaknesses in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 9 AS 2315 16 For one of these locations the firm observed the physical inventory counts and selected a sample of inventory items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 9 AS 2315 19 For one of these locations the firm observed the physical inventory counts and selected a sample of inventory items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 9 AS 2315 23 For one of these locations the firm observed the physical inventory counts and selected a sample of inventory items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 9 AS 2315 23A For one of these locations the firm observed the physical inventory counts and selected a sample of inventory items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence over the existence of inventory because the firm did not take into account the relevant factors in determining its sample size including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2501 16 The issuer used certain qualitative factors to determine the qualitative component of the ALL. The firm's approach for substantively testing the qualitative component of the ALL was to test the issuer's process and develop an independent expectation. The following deficiency was identified: · The firm did not evaluate whether the issuer had a reasonable basis for certain significant assumptions related to basis points assigned to qualitative factors used to determine the qualitative component of the ALL. (AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2501 22 The issuer used certain qualitative factors to determine the qualitative component of the ALL. The firm's approach for substantively testing the qualitative component of the ALL was to test the issuer's process and develop an independent expectation. The following deficiency was identified: · The firm did not perform any procedures to demonstrate it had a reasonable basis for the assumptions it used in determining its independent expectation. (AS 2501.22) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2201 39 The issuer used loan risk ratings to estimate its ACL. The firm did not identify and test any controls that addressed the reasonableness of loan risk ratings. (AS 2201.39) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Control Deficiencies 2 AS 2201 62 The firm identified control deficiencies related to significant accounts and in areas of significant risk. The firm did not sufficiently evaluate the severity of these control deficiencies because it did not evaluate the magnitude of the potential misstatements resulting from the deficiencies. (AS 2201.62) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 1210 12 The firm engaged a specialist to evaluate the fair value hierarchy classifications for the issuer's investment securities. The firm did not perform procedures beyond quantifying the differences in fair value or request that the auditor-engaged specialist perform additional procedures to address the specialist's findings that appeared to contradict the issuer's presentation of these investment securities within the fair value hierarchy. (AS 1210.12; AS 2301.08) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2301 8 The firm engaged a specialist to evaluate the fair value hierarchy classifications for the issuer's investment securities. The firm did not perform procedures beyond quantifying the differences in fair value or request that the auditor-engaged specialist perform additional procedures to address the specialist's findings that appeared to contradict the issuer's presentation of these investment securities within the fair value hierarchy. (AS 1210.12; AS 2301.08) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to evaluating the journal entry descriptions. (AS 2401.61) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 1105 A8a The issuer engaged an external specialist to develop estimates related to certain long-lived assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: · The firm did not perform any procedures to test the accuracy and completeness of certain issuer-produced data and evaluate the relevance and reliability of certain data from external sources that the company's specialist used. (AS 1105.A8a) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 1105 A8b The issuer engaged an external specialist to develop estimates related to certain long-lived assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer and the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 2501 16 The issuer engaged an external specialist to develop estimates related to certain long-lived assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer and the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2501 16 The issuer engaged an external specialist to develop estimates related to certain long-lived assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of certain components of other significant assumptions developed by the issuer and used by the company's specialist. (AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 1105 A8c The issuer engaged an external specialist to develop estimates related to certain long-lived assets. The firm's approach for substantively testing this estimate was to test the issuer's process. The following deficiency was identified: · The firm did not perform any procedures beyond inquiry to evaluate whether the methods used by the company's specialist were appropriate under the circumstances. (AS 1105.A8c) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 1 AS 2201 42 The issuer reported an ACL that included both a quantitative and qualitative component. The issuer used certain qualitative factors including assigned loan risk grades to determine the qualitative component of the ACL. The following deficiency was identified: · The firm selected for testing a review control over the qualitative reserve. The firm did not evaluate the specific review procedures the control owners performed to evaluate the reasonableness of the basis points applied to the qualitative factors. (AS 2201.42 and .44) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 1 AS 2201 44 The issuer reported an ACL that included both a quantitative and qualitative component. The issuer used certain qualitative factors including assigned loan risk grades to determine the qualitative component of the ACL. The following deficiency was identified: · The firm selected for testing a review control over the qualitative reserve. The firm did not evaluate the specific review procedures the control owners performed to evaluate the reasonableness of the basis points applied to the qualitative factors. (AS 2201.42 and .44) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 2 AS 2201 42 The issuer reported an ACL that included both a quantitative and qualitative component. The issuer used certain qualitative factors including assigned loan risk grades to determine the qualitative component of the ACL. The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of loans including a review of the reasonableness of assigned loan risk grades. This control included a determination of which loans would be subject to a review of the assigned loan risk grades. The firm did not assess the effect of the issuer excluding certain loans from review of the assigned loan risk grades on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 3 AS 2501 16 The issuer reported an ACL that included both a quantitative and qualitative component. The issuer used certain qualitative factors including assigned loan risk grades to determine the qualitative component of the ACL. The following deficiency was identified: · The firm did not perform procedures to evaluate whether the issuer had a reasonable basis for the significant assumptions related to basis points applied to the qualitative factors beyond obtaining and reading an issuer-prepared narrative. (AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Fraud Risk 4 AS 2501 16 The issuer reported an ACL that included both a quantitative and qualitative component. The issuer used certain qualitative factors including assigned loan risk grades to determine the qualitative component of the ACL. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of a significant assumption used to develop the quantitative component. (AS 2501.16) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A H No ICFR audit only Audits with a single deficiency Allowance for Credit Losses Significant Risk 1 AS 2201 39 The issuer used loan risk ratings to estimate its ACL. The firm did not identify and test any controls over the reasonableness of loan risk ratings. (AS 2201.39) Triennially Inspected 686 Forvis Mazars, LLP 2023 United States 2024-12-19T00:00:00 Part I.A I No ICFR audit only Audits with a single deficiency Revenue 1 AS 1105 10 The firm did not perform procedures to test the accuracy and completeness of certain issuer-produced reports beyond testing their mathematical accuracy that the issuer used to identify performance obligations and allocate transaction prices to those obligations and the firm used in its substantive procedures. (AS 1105.10) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 11 The issuer records multiple types of revenue. For one type of revenue the firm compared issuer revenue information to customer sales contracts. The firm did not perform procedures to evaluate whether (1) the issuer met its performance obligations before revenue was recognized; and (2) the method used to recognize revenue for one contract was appropriate. (AS 2301.08 and .11) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 8 The issuer records multiple types of revenue. For one type of revenue the firm compared issuer revenue information to customer sales contracts. The firm did not perform procedures to evaluate whether (1) the issuer met its performance obligations before revenue was recognized; and (2) the method used to recognize revenue for one contract was appropriate. (AS 2301.08 and .11) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2301 11 The issuer records multiple types of revenue. For another type of revenue the firm did not perform any procedures to test the revenue beyond agreeing revenue from three selected locations to an issuer-prepared schedule. (AS 2301.08 and .11) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2301 8 The issuer records multiple types of revenue. For another type of revenue the firm did not perform any procedures to test the revenue beyond agreeing revenue from three selected locations to an issuer-prepared schedule. (AS 2301.08 and .11) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Uncorrected Misstatements 4 AS 2810 10 The firm identified unresolved differences related to revenue and intangible assets. The firm did not perform procedures to (1) address these identified differences and (2) accumulate these differences to evaluate whether they were material individually or in combination with other misstatements even though the firm had not designated an amount below which misstatements are clearly trivial and do not need to be accumulated. (AS 2810.10 and .17) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Uncorrected Misstatements 4 AS 2810 17 The firm identified unresolved differences related to revenue and intangible assets. The firm did not perform procedures to (1) address these identified differences and (2) accumulate these differences to evaluate whether they were material individually or in combination with other misstatements even though the firm had not designated an amount below which misstatements are clearly trivial and do not need to be accumulated. (AS 2810.10 and .17) Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 2501 7 The firm did not perform procedures to test the valuation of certain significant accounts. (AS 2501.07) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 2 AS 1105 4 The firm did not perform procedures to test the reliability of information used by the firm in its testing of the valuation of a significant account. (AS 1105.04 and .06) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 2 AS 1105 6 The firm did not perform procedures to test the reliability of information used by the firm in its testing of the valuation of a significant account. (AS 1105.04 and .06) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 3 AS 2301 11 The firm did not evaluate the appropriateness of the issuer's accounting for and presentation and disclosure of these accounts. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 3 AS 2301 8 The firm did not evaluate the appropriateness of the issuer's accounting for and presentation and disclosure of these accounts. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 4 AS 2301 11 The firm did not perform procedures to test the existence completeness and rights and obligations for these accounts beyond confirming certain information with external parties. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 4 AS 2301 8 The firm did not perform procedures to test the existence completeness and rights and obligations for these accounts beyond confirming certain information with external parties. (AS 2301.08 and .11) In connection with our review the issuer reevaluated its accounting for and disclosure of certain significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the accounting disclosure. Triennially Inspected 822 Michael T. Studer CPA P.C. 2023 United States 2024-12-19T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 1437 Ernst & Young Han Young 2023 South Korea Ernst & Young Global Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and long-lived assets. The issuer outsourced its IT operations to a third-party service organization including the operation of certain IT automated controls ('ITACs'). The transaction data processed through these IT systems and the IT systems themselves which were maintained by the service organization were owned by the issuer. The firm selected for testing various ITACs over certain revenue and long-lived assets. The firm used the work of the service organization's auditor ('service auditor') as evidence of the design and operating effectiveness of these ITACs whereby the firm provided guidance to the service auditor related to the testing of these ITACs and the firm obtained the service auditor's report which described the service auditor's testing procedures and results. The firm did not perform sufficient procedures to test the design and operating effectiveness of these ITACs because the firm did not identify that the service auditor had not performed procedures to (1) test the design of these ITACs and (2) evaluate program customizations to support the use of a 'test of one' approach to test the operating effectiveness of these ITACs. (AS 2201.42 and .44) Triennially Inspected 1437 Ernst & Young Han Young 2023 South Korea Ernst & Young Global Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and long-lived assets. The issuer outsourced its IT operations to a third-party service organization including the operation of certain IT automated controls ('ITACs'). The transaction data processed through these IT systems and the IT systems themselves which were maintained by the service organization were owned by the issuer. The firm selected for testing various ITACs over certain revenue and long-lived assets. The firm used the work of the service organization's auditor ('service auditor') as evidence of the design and operating effectiveness of these ITACs whereby the firm provided guidance to the service auditor related to the testing of these ITACs and the firm obtained the service auditor's report which described the service auditor's testing procedures and results. The firm did not perform sufficient procedures to test the design and operating effectiveness of these ITACs because the firm did not identify that the service auditor had not performed procedures to (1) test the design of these ITACs and (2) evaluate program customizations to support the use of a 'test of one' approach to test the operating effectiveness of these ITACs. (AS 2201.42 and .44) Triennially Inspected 1437 Ernst & Young Han Young 2023 South Korea Ernst & Young Global Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and long-lived assets. The issuer outsourced its IT operations to a third-party service organization including the operation of certain IT automated controls ('ITACs'). The transaction data processed through these IT systems and the IT systems themselves which were maintained by the service organization were owned by the issuer. The firm selected for testing various ITACs over certain revenue and long-lived assets. The firm used the work of the service organization's auditor ('service auditor') as evidence of the design and operating effectiveness of these ITACs whereby the firm provided guidance to the service auditor related to the testing of these ITACs and the firm obtained the service auditor's report which described the service auditor's testing procedures and results. The firm did not perform sufficient procedures to test the design and operating effectiveness of these ITACs because the firm did not identify that the service auditor had not performed procedures to (1) test the design of these ITACs and (2) evaluate program customizations to support the use of a 'test of one' approach to test the operating effectiveness of these ITACs. (AS 2201.42 and .44) Triennially Inspected 1437 Ernst & Young Han Young 2023 South Korea Ernst & Young Global Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and long-lived assets. The issuer outsourced its IT operations to a third-party service organization including the operation of certain IT automated controls ('ITACs'). The transaction data processed through these IT systems and the IT systems themselves which were maintained by the service organization were owned by the issuer. The firm selected for testing various ITACs over certain revenue and long-lived assets. The firm used the work of the service organization's auditor ('service auditor') as evidence of the design and operating effectiveness of these ITACs whereby the firm provided guidance to the service auditor related to the testing of these ITACs and the firm obtained the service auditor's report which described the service auditor's testing procedures and results. The firm did not perform sufficient procedures to test the design and operating effectiveness of these ITACs because the firm did not identify that the service auditor had not performed procedures to (1) test the design of these ITACs and (2) evaluate program customizations to support the use of a 'test of one' approach to test the operating effectiveness of these ITACs. (AS 2201.42 and .44) Triennially Inspected 1437 Ernst & Young Han Young 2023 South Korea Ernst & Young Global Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform sufficient substantive procedures to test certain revenue because the firm did not subject all relevant revenue transactions to these procedures as it did not compile a complete population of transactions from which it made its selections for testing and the firm did not perform any other procedures to test the remaining revenue transactions. (AS 2301.08 and .13) Triennially Inspected 1437 Ernst & Young Han Young 2023 South Korea Ernst & Young Global Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform sufficient substantive procedures to test certain revenue because the firm did not subject all relevant revenue transactions to these procedures as it did not compile a complete population of transactions from which it made its selections for testing and the firm did not perform any other procedures to test the remaining revenue transactions. (AS 2301.08 and .13) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1101 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 1105 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 10 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2101 8 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2110 4 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2301 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2401 57 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2410 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2415 3 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 30 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 2747 JTC Fair Song CPA Firm 2024 China 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts and Disclosures 1 AS 2810 31 The firm did not plan and perform an audit that provided a reasonable basis for its audit opinion on the issuer's financial statements because it limited its procedures to establishing a materiality level for the financial statements certain risk assessment procedures confirmation of cash and related party transactions obtaining letters from creditors confirming they would not demand payment until such time when the issuer had sufficient resources to make payment and obtaining certain issuer-prepared schedules. (AS 1101.03; AS 1105.04; AS 2101.08 and .10; AS 2110.04; AS 2301.08; AS 2401.57; AS 2410.03; AS 2415.03; AS 2810.30 and .31) Triennially Inspected 5270 Grant Thornton Auditores Independentes Ltda 2024 Brazil Grant Thornton International Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 2201 68 The firm selected for testing a control that consisted of the issuer's review of the fair value of certain assets. The firm identified a deficiency in the operating effectiveness of this control. The firm identified and tested compensating controls that it believed would mitigate this deficiency. The firm did not identify that these other controls were not designed to address whether these assets were appropriately recorded at fair value. (AS 2201.68) Triennially Inspected 5270 Grant Thornton Auditores Independentes Ltda 2024 Brazil Grant Thornton International Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 1105 A8a The firm used an auditor-employed specialist to test the fair value of certain of these assets which was determined by the company's specialist. The auditor-employed specialist's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that it did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist (2) evaluate whether the methods used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework and (3) test the accuracy and/or completeness of certain issuer-produced data used by the company's specialist. The firm did not perform additional procedures or request the auditor-employed specialist to perform additional procedures to address these issues. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7) Triennially Inspected 5270 Grant Thornton Auditores Independentes Ltda 2024 Brazil Grant Thornton International Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 1105 A8b The firm used an auditor-employed specialist to test the fair value of certain of these assets which was determined by the company's specialist. The auditor-employed specialist's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that it did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist (2) evaluate whether the methods used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework and (3) test the accuracy and/or completeness of certain issuer-produced data used by the company's specialist. The firm did not perform additional procedures or request the auditor-employed specialist to perform additional procedures to address these issues. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7) Triennially Inspected 5270 Grant Thornton Auditores Independentes Ltda 2024 Brazil Grant Thornton International Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 1105 A8c The firm used an auditor-employed specialist to test the fair value of certain of these assets which was determined by the company's specialist. The auditor-employed specialist's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that it did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist (2) evaluate whether the methods used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework and (3) test the accuracy and/or completeness of certain issuer-produced data used by the company's specialist. The firm did not perform additional procedures or request the auditor-employed specialist to perform additional procedures to address these issues. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7) Triennially Inspected 5270 Grant Thornton Auditores Independentes Ltda 2024 Brazil Grant Thornton International Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 1201 C6 The firm used an auditor-employed specialist to test the fair value of certain of these assets which was determined by the company's specialist. The auditor-employed specialist's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that it did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist (2) evaluate whether the methods used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework and (3) test the accuracy and/or completeness of certain issuer-produced data used by the company's specialist. The firm did not perform additional procedures or request the auditor-employed specialist to perform additional procedures to address these issues. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7) Triennially Inspected 5270 Grant Thornton Auditores Independentes Ltda 2024 Brazil Grant Thornton International Limited 2024-12-19T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 1201 C7 The firm used an auditor-employed specialist to test the fair value of certain of these assets which was determined by the company's specialist. The auditor-employed specialist's approach for substantively testing the fair value of these assets was to test the issuer's process. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that it did not (1) evaluate the reasonableness of the significant assumptions developed by the company's specialist (2) evaluate whether the methods used by the company's specialist were appropriate under the circumstances taking into account the requirements of the applicable financial reporting framework and (3) test the accuracy and/or completeness of certain issuer-produced data used by the company's specialist. The firm did not perform additional procedures or request the auditor-employed specialist to perform additional procedures to address these issues. (AS 1105.A8a .A8b and .A8c; AS 1201.C6 and .C7) Triennially Inspected 6722 SRCO, C.P.A., Professional Corporation 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Share-Based Compensation 1 AS 2301 8 The issuer recorded share-based compensation expense. The firm did not evaluate whether the grant date used by the issuer to measure the share-based compensation was in conformity with FASB ASC Topic 718 Compensation—Stock Compensation. (AS 2301.08) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The issuer recognized several types of revenue. The following deficiency was identified: · The firm did not perform procedures to test or identify and test any controls over the completeness of a report from which it made its selections to test two types of revenue. (AS 1105.10) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 27 The issuer recognized several types of revenue. The following deficiency was identified: · The firm selected key item transactions to test these two types of revenue. The firm did not perform procedures beyond performing cut-off procedures to test the remaining population of revenue transactions to address the assessed risk of material misstatement. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer recognized several types of revenue. The following deficiency was identified: · The firm selected key item transactions to test these two types of revenue. The firm did not perform procedures beyond performing cut-off procedures to test the remaining population of revenue transactions to address the assessed risk of material misstatement. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized several types of revenue. The following deficiency was identified: · The firm selected key item transactions to test these two types of revenue. The firm did not perform procedures beyond performing cut-off procedures to test the remaining population of revenue transactions to address the assessed risk of material misstatement. (AS 1105.27; AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The issuer recognized several types of revenue. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the issuer's accounting for one of these types of revenue as the principal rather than as an agent was appropriate because the firm concluded that the issuer had the ability to direct and control the goods or services but it did not perform any procedures to support this conclusion. (AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The issuer recognized several types of revenue. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the issuer's accounting for one of these types of revenue as the principal rather than as an agent was appropriate because the firm concluded that the issuer had the ability to direct and control the goods or services but it did not perform any procedures to support this conclusion. (AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The issuer recognized several types of revenue. The following deficiency was identified: · The firm did not perform procedures to evaluate the issuer's determination of the transaction price for a sample of transactions for a third type of revenue. (AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The issuer recognized several types of revenue. The following deficiency was identified: · The firm did not perform procedures to evaluate the issuer's determination of the transaction price for a sample of transactions for a third type of revenue. (AS 2301.08 and .13) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 5 AS 1105 A8b The issuer engaged a valuation specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of significant assumptions developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 6 AS 1105 A8a The issuer engaged a valuation specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of data from sources external to the issuer that were used by the company's specialist in developing significant assumptions. (AS 1105.A8a) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets 7 AS 2501 16 The issuer engaged a valuation specialist to determine the fair value of certain assets. The following deficiency was identified: · The firm did not perform procedures beyond inquiry to evaluate the reasonableness of a significant assumption developed by the issuer. (AS 2501.16) Triennially Inspected 6849 Hudgens CPA, PLLC 2024 United States 2024-12-19T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 8 AS 2401 61 The firm identified fraud criteria for journal entries. The firm did not perform sufficient procedures to test the journal entries that met the criteria because it limited its procedures to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 1105 4 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the relevance and reliability of certain data included in one of the issuer-prepared reports ('invoice detailed report') used in its substantive testing of revenue and accounts receivable because the firm did not test the validity of the information used to evaluate the relevance and reliability of the data. (AS 1105.04 and .06) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 1 AS 1105 6 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the relevance and reliability of certain data included in one of the issuer-prepared reports ('invoice detailed report') used in its substantive testing of revenue and accounts receivable because the firm did not test the validity of the information used to evaluate the relevance and reliability of the data. (AS 1105.04 and .06) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the relevance and reliability of certain data included in one of the issuer-prepared reports ('invoice detailed report') used in its substantive testing of revenue and accounts receivable because the firm did not test the validity of the information used to evaluate the relevance and reliability of the data. (AS 1105.04 and .06) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the relevance and reliability of certain data included in one of the issuer-prepared reports ('invoice detailed report') used in its substantive testing of revenue and accounts receivable because the firm did not test the validity of the information used to evaluate the relevance and reliability of the data. (AS 1105.04 and .06) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 2 AS 1105 10 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of (1) the invoice detailed report used in its substantive testing of revenue and accounts receivable and (2) another issuer-prepared report used in its substantive testing of revenue. (AS 1105.10) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of (1) the invoice detailed report used in its substantive testing of revenue and accounts receivable and (2) another issuer-prepared report used in its substantive testing of revenue. (AS 1105.10) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · For certain revenue transactions selected for testing the firm did not perform procedures to test whether (1) a sales contract existed with the customer and (2) the issuer had satisfied its performance obligation prior to recognizing revenue beyond agreeing the transactions or related purchase order information to the invoice detailed report referred to above. (AS 2301.08 and .13) Triennially Inspected 572 Weinberg & Company, P.A. 2023 United States 2024-12-05T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 To test revenue and accounts receivable the firm performed tests of details over a sample of revenue transactions and confirmed a sample of customer receivables using certain issuer-prepared reports. The following deficiency was identified: · For certain revenue transactions selected for testing the firm did not perform procedures to test whether (1) a sales contract existed with the customer and (2) the issuer had satisfied its performance obligation prior to recognizing revenue beyond agreeing the transactions or related purchase order information to the invoice detailed report referred to above. (AS 2301.08 and .13) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 1 AS 2201 42 The firm selected for testing certain controls over the reconciliation and/or review of various accounts including certain accounts related to revenue and inventory. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 1 AS 2201 44 The firm selected for testing certain controls over the reconciliation and/or review of various accounts including certain accounts related to revenue and inventory. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 42 The firm selected for testing certain controls over the reconciliation and/or review of various accounts including certain accounts related to revenue and inventory. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 44 The firm selected for testing certain controls over the reconciliation and/or review of various accounts including certain accounts related to revenue and inventory. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 2 AS 2201 39 The firm did not identify and test any controls over (1) the accuracy and completeness of issuer-produced information used in the operation of the above controls and (2) the relevance and reliability of certain external information related to inventory used in the operation of one of the above controls. (AS 2201.39) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2201 39 The firm did not identify and test any controls over (1) the accuracy and completeness of issuer-produced information used in the operation of the above controls and (2) the relevance and reliability of certain external information related to inventory used in the operation of one of the above controls. (AS 2201.39) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 3 AS 1105 10 The issuer recorded an inventory reserve and the firm's approach for substantively testing the inventory reserve was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to test or (as discussed above) identify and test controls over the accuracy and completeness of certain issuer-produced information used by the issuer to develop the inventory reserve. (AS 1105.10) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 4 AS 1105 4 The issuer recorded an inventory reserve and the firm's approach for substantively testing the inventory reserve was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate or (as discussed above) identify and test controls over the relevance and reliability of certain external information that the issuer used to develop the inventory reserve. (AS 1105.04 and.06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 4 AS 1105 6 The issuer recorded an inventory reserve and the firm's approach for substantively testing the inventory reserve was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate or (as discussed above) identify and test controls over the relevance and reliability of certain external information that the issuer used to develop the inventory reserve. (AS 1105.04 and.06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Fraud Risk 5 AS 2501 16 The issuer recorded an inventory reserve and the firm's approach for substantively testing the inventory reserve was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the significant assumptions. (AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform sufficient substantive procedures to evaluate whether certain revenue was recognized in conformity with IFRS 15 Revenue from Contracts with Customers because it did not evaluate beyond reading the issuer's revenue recognition policy (1) each party's rights regarding the goods or services to be transferred and (2) the payment terms for the goods or services to be transferred. (AS 2301.08 and .13) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform sufficient substantive procedures to evaluate whether certain revenue was recognized in conformity with IFRS 15 Revenue from Contracts with Customers because it did not evaluate beyond reading the issuer's revenue recognition policy (1) each party's rights regarding the goods or services to be transferred and (2) the payment terms for the goods or services to be transferred. (AS 2301.08 and .13) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 1201 C6 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate whether the method used by the issuer to perform its quantitative assessment was in conformity with International Accounting Standard (IAS) 36 Impairment of Assets because it did not identify that the auditor-employed specialist did not evaluate the effect on the quantitative assessment resulting from departures from IAS 36 it identified in the issuer's method. (AS 1201.C6 and .C7; AS 2501.10) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 1201 C7 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate whether the method used by the issuer to perform its quantitative assessment was in conformity with International Accounting Standard (IAS) 36 Impairment of Assets because it did not identify that the auditor-employed specialist did not evaluate the effect on the quantitative assessment resulting from departures from IAS 36 it identified in the issuer's method. (AS 1201.C6 and .C7; AS 2501.10) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 2501 10 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate whether the method used by the issuer to perform its quantitative assessment was in conformity with International Accounting Standard (IAS) 36 Impairment of Assets because it did not identify that the auditor-employed specialist did not evaluate the effect on the quantitative assessment resulting from departures from IAS 36 it identified in the issuer's method. (AS 1201.C6 and .C7; AS 2501.10) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 11 AS 1105 4 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not evaluate the relevance and/or reliability of certain external information it used to test the quantitative assessment. (AS 1105.04 and .06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 11 AS 1105 6 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not evaluate the relevance and/or reliability of certain external information it used to test the quantitative assessment. (AS 1105.04 and .06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 12 AS 1105 10 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of issuer-produced data used by the issuer to develop a significant assumption used in its quantitative assessment. (AS 1105.10) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 13 AS 2301 8 The firm did not evaluate the appropriateness of the presentation of certain long-lived assets. (AS 2301.08) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2310 29 To evaluate the reliability of certain external information the firm used to test revenue the firm sent a positive confirmation request to the external party and received an electronic response. The firm did not consider performing procedures to address the risks associated with the electronic response such as verifying the source and contents of the confirmation response. (AS 2310.29) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 4 The firm did not perform any procedures to evaluate the reliability of certain external information it used to test revenue. (AS 1105.04 and .06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 6 The firm did not perform any procedures to evaluate the reliability of certain external information it used to test revenue. (AS 1105.04 and .06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2305 16 The firm's substantive procedures to test this revenue included performing a substantive analytical procedure. The firm used external data in developing its expectation but did not perform any procedures to evaluate the reliability of that data. (AS 2305.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 19 The sample size the firm used in one of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of reliance on evidence from other substantive procedures that was not supported due to the deficiency in the firm's substantive analytical procedure discussed above. (AS 2315.19 .23 and .23A) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23 The sample size the firm used in one of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of reliance on evidence from other substantive procedures that was not supported due to the deficiency in the firm's substantive analytical procedure discussed above. (AS 2315.19 .23 and .23A) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2315 23A The sample size the firm used in one of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because this procedure was designed based on a level of reliance on evidence from other substantive procedures that was not supported due to the deficiency in the firm's substantive analytical procedure discussed above. (AS 2315.19 .23 and .23A) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 2501 16 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed by the issuer because it did not evaluate the significant difference between it and a significant assumption used by the issuer in another estimate tested. (AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 2501 16 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not perform procedures beyond inquiry to evaluate the reasonableness of certain other significant assumptions developed by the issuer. (AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 2501 16 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not perform procedures to evaluate whether the issuer had a reasonable basis for another significant assumption it developed. (AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 4 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 6 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A1 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A10 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A2 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A3 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A4 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A5 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A6 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A7 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A8 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A9 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1201 C6 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1201 C7 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 2501 16 The issuer performed a quantitative assessment of impairment of certain long-lived assets and engaged an external specialist to provide information it used to develop an assumption. The firm's approach for substantively testing the impairment of long-lived assets was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methodology used by the issuer and a significant assumption the issuer developed. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption because it did not identify that the auditor-employed specialist did not (1) evaluate the relevance of certain internal and external information it used to evaluate the reasonableness of the assumption and (2) evaluate significant differences between the assumption and both external information it obtained and information provided by the company's specialist. Further the firm did not perform procedures to use the work of the company's specialist as audit evidence. (AS 1105.04 .06 and .A1-.A10; AS 1201.C6 and .C7; AS 2501.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized multiple types of revenue. The following deficiency was identified: · For one type of revenue the firm did not perform procedures to evaluate whether the underlying contracts represented contracts with an identifiable customer in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized multiple types of revenue. The following deficiency was identified: · For one type of revenue the firm did not perform procedures to evaluate whether the underlying contracts represented contracts with an identifiable customer in accordance with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The issuer recognized multiple types of revenue. The following deficiency was identified: · The firm did not perform substantive procedures to evaluate the relevance and/or reliability of certain external information it used to test two types of revenue. (AS 1105.04 and.06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The issuer recognized multiple types of revenue. The following deficiency was identified: · The firm did not perform substantive procedures to evaluate the relevance and/or reliability of certain external information it used to test two types of revenue. (AS 1105.04 and.06) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2305 16 The issuer recognized multiple types of revenue. The following deficiency was identified: · The firm's substantive procedures to test one type of revenue included performing substantive analytical procedures. The firm used external data in developing its expectation but did not perform any procedures to evaluate the reliability of that data. (AS 2305.16) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 The issuer recognized multiple types of revenue. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain issuer-produced information it used to test two types of revenue. (AS 1105.10) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Investment Securities Significant Risk 1 AS 1105 63 The issuer reported the valuation of certain investments based on investee financial results including unaudited financial statements. The firm did not apply or request that the investor arrange with the investee to have another auditor apply appropriate auditing procedures to the unaudited financial statements for these investees. (AS 1105.63) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 2 AS 1105 A8a The issuer engaged a specialist to develop an estimate of a significant account. The firm selected a sample to test the accuracy and completeness of certain data used by the company's specialist. The firm did not sufficiently test the accuracy and completeness of this data because it selected its sample from a sub-population of the data. (AS 1105.A8a) Triennially Inspected 32 Armanino LLP 2023 United States 2024-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 3 AS 1105 A8a The issuer engaged a specialist to develop an estimate of a significant account. The firm selected a sample to test the accuracy and completeness of certain data used by the company's specialist. The firm did not test the accuracy of certain other data that the company's specialist used to develop a significant assumption. (AS 1105.A8a) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Change Management 1 AS 2201 42 The issuer used certain information technology (IT) systems to initiate process and record transactions related to (1) fee and commission income and related receivables and (2) realized and unrealized gain and losses and interest income. The firm selected for testing certain IT change management controls over these IT systems that consisted of the review testing and approval of changes prior to their migration into production. The following deficiency was identified: · The firm did not perform procedures to test the design and operating effectiveness of a control related to user access beyond observation of one individual's attempt to log in to the production and development environments. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Change Management 1 AS 2201 44 The issuer used certain information technology (IT) systems to initiate process and record transactions related to (1) fee and commission income and related receivables and (2) realized and unrealized gain and losses and interest income. The firm selected for testing certain IT change management controls over these IT systems that consisted of the review testing and approval of changes prior to their migration into production. The following deficiency was identified: · The firm did not perform procedures to test the design and operating effectiveness of a control related to user access beyond observation of one individual's attempt to log in to the production and development environments. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 10 AS 2810 30 For fee and commission income and related receivables the following additional deficiencys related to the firm's testing of controls and substantive testing were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures related to fee and commission income required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 10 AS 2810 31 For fee and commission income and related receivables the following additional deficiencys related to the firm's testing of controls and substantive testing were identified: · The firm did not identify and evaluate the issuer's omission of certain disclosures related to fee and commission income required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 11 AS 2410 12 For fee and commission income and related receivables the following additional deficiencys related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test receivables due from a related party beyond confirming the amount with an individual who was an executive officer of the issuer and an employee of the related party. (AS 2410.12) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 12 AS 2201 42 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm selected for testing controls over the reconciliation and/or review of information related to realized and unrealized gains and losses and interest income. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 12 AS 2201 44 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm selected for testing controls over the reconciliation and/or review of information related to realized and unrealized gains and losses and interest income. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 12 AS 2201 42 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm selected for testing controls over the reconciliation and/or review of information related to realized and unrealized gains and losses and interest income. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 12 AS 2201 44 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm selected for testing controls over the reconciliation and/or review of information related to realized and unrealized gains and losses and interest income. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 13 AS 2301 13 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test realized gains and losses because it limited its procedures to recalculating the gains or losses for a sample of transactions based on issuer-produced information or information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 13 AS 2301 8 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test realized gains and losses because it limited its procedures to recalculating the gains or losses for a sample of transactions based on issuer-produced information or information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 13 AS 2301 13 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test realized gains and losses because it limited its procedures to recalculating the gains or losses for a sample of transactions based on issuer-produced information or information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 13 AS 2301 8 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test realized gains and losses because it limited its procedures to recalculating the gains or losses for a sample of transactions based on issuer-produced information or information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 14 AS 2301 13 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform any procedures to test the unrealized gains and losses at year end. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 14 AS 2301 8 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform any procedures to test the unrealized gains and losses at year end. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 14 AS 2301 13 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform any procedures to test the unrealized gains and losses at year end. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 14 AS 2301 8 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform any procedures to test the unrealized gains and losses at year end. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 15 AS 2301 13 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test interest income because it limited its procedures to recalculating interest income for a sample of transactions and tracing data used in the recalculation to information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 15 AS 2301 8 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test interest income because it limited its procedures to recalculating interest income for a sample of transactions and tracing data used in the recalculation to information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 15 AS 2301 13 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test interest income because it limited its procedures to recalculating interest income for a sample of transactions and tracing data used in the recalculation to information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 15 AS 2301 8 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform sufficient procedures to test interest income because it limited its procedures to recalculating interest income for a sample of transactions and tracing data used in the recalculation to information obtained from external sources. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 16 AS 1105 4 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to evaluate the relevance and reliability of information it obtained from external sources that it used in its testing. (AS 1105.04 and .06) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 16 AS 1105 6 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to evaluate the relevance and reliability of information it obtained from external sources that it used in its testing. (AS 1105.04 and .06) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 16 AS 1105 4 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to evaluate the relevance and reliability of information it obtained from external sources that it used in its testing. (AS 1105.04 and .06) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 16 AS 1105 6 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to evaluate the relevance and reliability of information it obtained from external sources that it used in its testing. (AS 1105.04 and .06) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Interest Income Fraud Risk 17 AS 1105 10 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test or identify and test any controls over the accuracy and completeness of certain system-generated data used in the firm's testing. (AS 1105.10) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Realized and Unrealized Gains and Losses Fraud Risk 17 AS 1105 10 For realized and unrealized gains and losses and interest income the following additional deficiency related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test or identify and test any controls over the accuracy and completeness of certain system-generated data used in the firm's testing. (AS 1105.10) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Planned Divestiture of Certain Subsidiaries 18 AS 2201 39 The issuer planned to divest of its interest in certain subsidiaries. The firm did not identify and test a control that addressed whether the assets and liabilities of these subsidiaries met the held for sale criteria and should have been presented as discontinued operations in the financial statements in accordance with FASB ASC Topic 205 Presentation of Financial Statements. (AS 2201.39) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Planned Divestiture of Certain Subsidiaries 19 AS 2301 8 The issuer planned to divest of its interest in certain subsidiaries. The firm did not perform substantive procedures to evaluate whether the assets and liabilities of these subsidiaries met the held for sale criteria and should have been presented as discontinued operations in the financial statements in accordance with FASB ASC Topic 205. (AS 2301.08) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Change Management 2 AS 1105 10 The issuer used certain information technology (IT) systems to initiate process and record transactions related to (1) fee and commission income and related receivables and (2) realized and unrealized gain and losses and interest income. The firm selected for testing certain IT change management controls over these IT systems that consisted of the review testing and approval of changes prior to their migration into production. The following deficiency was identified: · The firm did not test or in the alternative identify and test any controls over the completeness of information that it used to make its selections for testing a control over change management. (AS 1105.10) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 20 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Change Management 3 AS 1105 10 The issuer used certain information technology (IT) systems to initiate process and record transactions related to (1) fee and commission income and related receivables and (2) realized and unrealized gain and losses and interest income. The firm selected for testing certain IT change management controls over these IT systems that consisted of the review testing and approval of changes prior to their migration into production. The following deficiency was identified: · The firm selected for testing a control over change management for one of these systems but did not perform any procedures to determine whether the population of changes from which it made its selections for testing represented the complete population of changes made to this system. (AS 1105.10) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Change Management 4 AS 2201 39 The issuer used certain information technology (IT) systems to initiate process and record transactions related to (1) fee and commission income and related receivables and (2) realized and unrealized gain and losses and interest income. The firm selected for testing certain IT change management controls over these IT systems that consisted of the review testing and approval of changes prior to their migration into production. The following deficiency was identified: · The firm did not identify and test a control to address the review and approval of changes other than configuration for certain of these systems. (AS 2201.39) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 5 AS 2201 42 For fee and commission income and related receivables the following additional deficiencys related to the firm's testing of controls and substantive testing were identified: · The firm selected for testing controls over the reconciliation and/or review of information related to fee and commission income and related receivables. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 5 AS 2201 44 For fee and commission income and related receivables the following additional deficiencys related to the firm's testing of controls and substantive testing were identified: · The firm selected for testing controls over the reconciliation and/or review of information related to fee and commission income and related receivables. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 6 AS 1105 10 For fee and commission income and related receivables the following additional deficiencys related to the firm's testing of controls and substantive testing were identified: · As a result of the firm's ITGC testing deficiencies discussed above for fee and commission income and related receivables the firm did not perform procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data the firm used in its substantive procedures. (AS 1105.10) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 7 AS 2301 13 For fee and commission income and related receivables the following additional deficiencys related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test fee and commission income from non-related parties beyond comparing the amounts to issuer-produced information. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 7 AS 2301 8 For fee and commission income and related receivables the following additional deficiencys related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test fee and commission income from non-related parties beyond comparing the amounts to issuer-produced information. (AS 2301.08 and .13) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 8 AS 2301 13 For fee and commission income and related receivables the following additional deficiencys related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test the occurrence of fee and commission income from related parties beyond comparing the amounts to issuer-produced information and obtaining customer commission agreements. (AS 2301.08 and .13; AS 2410.12) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 8 AS 2301 8 For fee and commission income and related receivables the following additional deficiencys related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test the occurrence of fee and commission income from related parties beyond comparing the amounts to issuer-produced information and obtaining customer commission agreements. (AS 2301.08 and .13; AS 2410.12) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 8 AS 2410 12 For fee and commission income and related receivables the following additional deficiencys related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to test the occurrence of fee and commission income from related parties beyond comparing the amounts to issuer-produced information and obtaining customer commission agreements. (AS 2301.08 and .13; AS 2410.12) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 9 AS 1105 4 For fee and commission income and related receivables the following additional deficiencys related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to evaluate the relevance and reliability of securities pricing obtained from external sources that it used to test the accuracy of fee and commission income from related parties. (AS 1105.04 and .06) Triennially Inspected 374 WSRP, LLC 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Fee and Commission Income and Related Receivables Fraud Risk 9 AS 1105 6 For fee and commission income and related receivables the following additional deficiencys related to the firm's testing of controls and substantive testing were identified: · The firm did not perform procedures to evaluate the relevance and reliability of securities pricing obtained from external sources that it used to test the accuracy of fee and commission income from related parties. (AS 1105.04 and .06) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm selected for testing controls that consisted of the issuer's review of revenue recognized over time. The firm did not identify and test any controls over the accuracy and completeness of the reports that the control owners used in the operation of these controls. (AS 2201.39) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Significant Risk 1 AS 2201 39 The firm selected for testing controls that consisted of the issuer's review of revenue recognized over time. The firm did not identify and test any controls over the accuracy and completeness of the reports that the control owners used in the operation of these controls. (AS 2201.39) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 2201 39 The firm selected for testing controls that consisted of the issuer's review of inventory. The firm did not identify and test any controls over the accuracy and completeness of the reports that the control owners used in the operation of these controls. (AS 2201.39) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 3 AS 2201 39 The firm selected for testing controls that consisted of the issuer's review of inventory. The firm did not identify and test any controls to address whether inventory was recorded at the lower of cost or net realizable value. (AS 2201.39) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 4 AS 2501 16 The issuer recognized an allowance for slow-moving and obsolete inventories that included a general reserve. The firm did not evaluate the reasonableness of the significant assumptions the issuer used to develop the general reserve. (AS 2501.16) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 1210 12 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not identify that the auditor-engaged specialist did not perform procedures beyond inquiry to evaluate the reasonableness of certain significant assumptions the issuer used to develop the fair value of this account and perform additional procedures or request the auditor-engaged specialist to perform additional procedures to address the issue. (AS 1210.09 and .12; AS 2501.16) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 1210 9 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not identify that the auditor-engaged specialist did not perform procedures beyond inquiry to evaluate the reasonableness of certain significant assumptions the issuer used to develop the fair value of this account and perform additional procedures or request the auditor-engaged specialist to perform additional procedures to address the issue. (AS 1210.09 and .12; AS 2501.16) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 2501 16 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not identify that the auditor-engaged specialist did not perform procedures beyond inquiry to evaluate the reasonableness of certain significant assumptions the issuer used to develop the fair value of this account and perform additional procedures or request the auditor-engaged specialist to perform additional procedures to address the issue. (AS 1210.09 and .12; AS 2501.16) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 2 AS 1105 10 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not perform procedures to test or in the alternative identify and test controls over the accuracy and completeness of certain issuer-produced information the issuer used to develop the fair value of this account. (AS 1105.10) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 3 AS 1105 4 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of certain information from external sources the issuer used to develop the fair value of this account. (AS 1105.04 and .06) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 3 AS 1105 6 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of certain information from external sources the issuer used to develop the fair value of this account. (AS 1105.04 and .06) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 4 AS 2501 16 The issuer reported a significant account at fair value. The firm's approach to substantively testing the fair value of this account was to test the issuer's process and the firm engaged an external specialist to evaluate certain of the significant assumptions that the issuer used to develop the fair value. The following deficiency was identified: · The firm did not perform procedures beyond a comparison to prior year amounts to evaluate the reasonableness of certain components of a significant assumption the issuer used to develop the fair value of this account. (AS 2501.16) Triennially Inspected 569 MSL, P.A. 2024 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 5 AS 2501 7 The firm did not perform substantive procedures beyond certain recalculations to test the valuation of certain other significant accounts. (AS 2501.07) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform any procedures to evaluate whether the issuer's recognition of certain revenue was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform any procedures to evaluate whether the issuer's recognition of certain revenue was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 10 AS 2501 16 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported intangible assets and evaluated them for impairment using undiscounted cash flow analyses. The firm's approach to test the issuer's impairment analyses was to test the issuer's process.The firm did not perform procedures beyond inquiry to evaluate the reasonableness of significant assumptions related to the undiscounted cash flow projections used by the issuer to develop the impairment analyses. (AS 2501.16) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain revenue recognized over time the firm did not evaluate whether there were significant judgments used by the issuer in determining the timing of satisfaction of performance obligations and whether all applicable required disclosures were made. (AS 2301.08 and .13) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain revenue recognized over time the firm did not evaluate whether there were significant judgments used by the issuer in determining the timing of satisfaction of performance obligations and whether all applicable required disclosures were made. (AS 2301.08 and .13) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2310 26 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm sent positive confirmation requests to a sample of customers as part of its testing of revenue. The following deficiency was identified: · The firm did not perform procedures to determine whether certain of the confirmation requests were directed to third parties who were knowledgeable about the information to be confirmed. (AS 2310.26) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2310 29 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm sent positive confirmation requests to a sample of customers as part of its testing of revenue. The following deficiency was identified: · The firm received an electronic response to one confirmation request. The firm did not consider performing procedures to address the risks associated with an electronic response such as verifying the source and contents of the confirmation response. (AS 2310.29) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Significant Risk 5 AS 2501 16 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recorded an allowance for expected credit losses related to accounts receivable which was based in part on significant assumptions regarding default rates. The issuer assigned credit rating categories to each receivable based on whether or not the customer had made payments and assigned a default rate to each customer's receivable based on that assigned category which was based on information from an external source. The firm's approach to test the allowance for expected credit losses was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of the significant assumption used by the issuer related to default rates beyond comparing the rates to data from the external source that the issuer used to develop the rates. (AS 2501.16) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Significant Risk 6 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recorded an allowance for expected credit losses related to accounts receivable which was based in part on significant assumptions regarding default rates. The issuer assigned credit rating categories to each receivable based on whether or not the customer had made payments and assigned a default rate to each customer's receivable based on that assigned category which was based on information from an external source. The firm's approach to test the allowance for expected credit losses was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance of the credit rating categories from the external source that the issuer used in determining the default rates. (AS 1105.04 and .06) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Significant Risk 6 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recorded an allowance for expected credit losses related to accounts receivable which was based in part on significant assumptions regarding default rates. The issuer assigned credit rating categories to each receivable based on whether or not the customer had made payments and assigned a default rate to each customer's receivable based on that assigned category which was based on information from an external source. The firm's approach to test the allowance for expected credit losses was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance of the credit rating categories from the external source that the issuer used in determining the default rates. (AS 1105.04 and .06) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Significant Risk 7 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recorded an allowance for expected credit losses related to accounts receivable which was based in part on significant assumptions regarding default rates. The issuer assigned credit rating categories to each receivable based on whether or not the customer had made payments and assigned a default rate to each customer's receivable based on that assigned category which was based on information from an external source. The firm's approach to test the allowance for expected credit losses was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy of certain information used by the issuer in calculating a component of its allowance for expected credit losses. (AS 1105.10) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable Significant Risk 8 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recorded an allowance for expected credit losses related to accounts receivable which was based in part on significant assumptions regarding default rates. The issuer assigned credit rating categories to each receivable based on whether or not the customer had made payments and assigned a default rate to each customer's receivable based on that assigned category which was based on information from an external source. The firm's approach to test the allowance for expected credit losses was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures beyond comparison to an issuer-prepared schedule to test the issuer's presentation of certain items related to accounts receivable and the allowance for expected credit losses in the statement of cash flows. (AS 2301.08) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 9 AS 2501 10 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported intangible assets and evaluated them for impairment using undiscounted cash flow analyses. The firm's approach to test the issuer's impairment analyses was to test the issuer's process. The firm did not sufficiently evaluate whether the method used by the issuer to develop the impairment analyses was in conformity with GAAP as it did not evaluate whether the method was in conformity with certain applicable requirements of FASB ASC Topic 350 Intangibles—Goodwill and Other and FASB ASC Topic 360 Property Plant and Equipment. (AS 2501.10) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The firm selected for testing a control that consisted of management's review of a reconciliation related to revenue. The firm did not (1) evaluate the specific review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The firm selected for testing a control that consisted of management's review of a reconciliation related to revenue. The firm did not (1) evaluate the specific review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Evaluating Control Deficiencies 10 AS 2201 68 The firm identified deficiencies in the design and operating effectiveness of controls related to revenue and long-lived assets. The firm identified and tested two review controls that it believed would mitigate the deficiencies ('compensating controls'). The following deficiency was identified: · The firm did not identity and test any controls over the accuracy and completeness of the supporting documentation used in the performance of this control. (AS 2201.68) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Evaluating Control Deficiencies 11 AS 2201 68 The firm identified deficiencies in the design and operating effectiveness of controls related to revenue and long-lived assets. The firm identified and tested two review controls that it believed would mitigate the deficiencies ('compensating controls'). The following deficiency was identified: · For another control the firm did not identify that this control did not address the identified control deficiencies related to revenues and long-lived assets. (AS 2201.68) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 39 The firm selected for testing a control that consisted of management's review of a reconciliation related to revenue. The firm did not identify and test any controls over the accuracy and completeness of the data used in the operation of the control. (AS 2201.39) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm selected for testing a control over sales invoices. The firm did not perform procedures to test or identify and test controls over the completeness of the issuer-produced sales invoice listing used in its testing of the control. (AS 1105.10) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 2201 42 The firm selected for testing a review control over purchases and disposals of long-lived assets. The firm did not test the aspect of this control related to the control owner's review of the summary of activity or transaction details supporting the control. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 2201 44 The firm selected for testing a review control over purchases and disposals of long-lived assets. The firm did not test the aspect of this control related to the control owner's review of the summary of activity or transaction details supporting the control. (AS 2201.42 and .44) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2501 16 The issuer developed undiscounted cash flows to evaluate certain long-lived assets for potential impairment. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of significant assumptions related to daily revenue rates beyond comparing the rates used by the issuer to rates obtained from the external source that the issuer used to develop the assumptions. (AS 2501.16) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 1105 4 The issuer developed undiscounted cash flows to evaluate certain long-lived assets for potential impairment. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of the rates obtained from the external source. (AS 1105.04 and .06) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 1105 6 The issuer developed undiscounted cash flows to evaluate certain long-lived assets for potential impairment. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of the rates obtained from the external source. (AS 1105.04 and .06) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 2501 16 The issuer developed undiscounted cash flows to evaluate certain long-lived assets for potential impairment. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of significant assumptions related to certain expense rates because it limited its procedures to comparing the rates to the actual operating expenses during the year and the issuer's budget without evaluating whether the issuer had a reasonable basis for the assumptions in the budget. (AS 2501.16) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Evaluating Control Deficiencies 8 AS 2201 62 The firm identified control deficiencies related to significant accounts and in areas of significant risk. The firm did not provide a reasonable basis to support its conclusion that the magnitude of the potential misstatements resulting from the control deficiencies was not material. (AS 2201.62) Triennially Inspected 717 MSPC, Certified Public Accountants and Advisors, A Professional Corporation 2024 United States 2024-11-21T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Evaluating Control Deficiencies 9 AS 2201 68 The firm identified deficiencies in the design and operating effectiveness of controls related to revenue and long-lived assets. The firm identified and tested two review controls that it believed would mitigate the deficiencies ('compensating controls'). The following deficiency was identified: · For one control the firm did not perform procedures to evaluate the review procedures that the control owner performed to be able to conclude that the compensating control mitigated the identified control deficiency. (AS 2201.68) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2305 13 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The expectations the firm used were not sufficiently precise because although disaggregated the firm's procedures consisted of comparisons of amounts and certain ratios to prior years without determining whether the prior-year amounts and ratios were sufficiently predictive of current-year amounts and ratios. (AS 2305.13 and .14) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2305 14 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The expectations the firm used were not sufficiently precise because although disaggregated the firm's procedures consisted of comparisons of amounts and certain ratios to prior years without determining whether the prior-year amounts and ratios were sufficiently predictive of current-year amounts and ratios. (AS 2305.13 and .14) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 16 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2305 16 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The firm used certain system-generated data in its substantive testing of this revenue but did not test or in the alternative test any controls over the accuracy of these data. (AS 2305.16) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2305 20 The issuer recorded multiple types of revenue. For premium revenue the firm's primary substantive procedure consisted of analytical procedures. The following deficiency was identified: · The firm did not establish an amount of difference from the expectation that could be accepted without further investigation. (AS 2305.20) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2305 13 For investment income the firm's substantive procedures consisted of performing analytical procedures using certain issuer data or data from a third-party service provider. For the analytical procedures the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships and whether its expectations of interest rates based on the trend over several previous years were sufficiently precise. (AS 2305.13 .14 and .17). Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2305 14 For investment income the firm's substantive procedures consisted of performing analytical procedures using certain issuer data or data from a third-party service provider. For the analytical procedures the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships and whether its expectations of interest rates based on the trend over several previous years were sufficiently precise. (AS 2305.13 .14 and .17). Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2305 17 For investment income the firm's substantive procedures consisted of performing analytical procedures using certain issuer data or data from a third-party service provider. For the analytical procedures the firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships and whether its expectations of interest rates based on the trend over several previous years were sufficiently precise. (AS 2305.13 .14 and .17). Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2305 16 For investment income the firm's substantive procedures consisted of performing analytical procedures using certain issuer data or data from a third-party service provider. The firm did not evaluate whether the data used in the analytical procedures was sufficiently reliable for the purpose of achieving its audit objectives. (AS 2305.16) Triennially Inspected 718 Kerber, Eck & Braeckel LLP 2024 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 7 AS 2401 61 The firm did not appropriately consider the characteristics of potentially fraudulent journal entries in determining the criteria it used to identify and select journal entries for testing because it limited its procedures to certain journal entries recorded at year end without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Receivable 1 AS 2410 17 The firm did not identify and evaluate an error related to the presentation of a related party receivable in the issuer's balance sheet in accordance with FASB ASC Topic 210 Balance Sheet. (AS 2410.17; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its presentation of this related party receivable and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Receivable 1 AS 2810 30 The firm did not identify and evaluate an error related to the presentation of a related party receivable in the issuer's balance sheet in accordance with FASB ASC Topic 210 Balance Sheet. (AS 2410.17; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its presentation of this related party receivable and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Related Party Receivable 1 AS 2810 31 The firm did not identify and evaluate an error related to the presentation of a related party receivable in the issuer's balance sheet in accordance with FASB ASC Topic 210 Balance Sheet. (AS 2410.17; AS 2810.30 and .31) Unrelated to our review the issuer reevaluated its presentation of this related party receivable and concluded that a material misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The firm did not perform any procedures to evaluate the reliability of certain information it obtained from external sources and used in its substantive procedures to test certain sales. (AS 1105.04 and .06) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The firm did not perform any procedures to evaluate the reliability of certain information it obtained from external sources and used in its substantive procedures to test certain sales. (AS 1105.04 and .06) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2315 24 To test the existence of inventory the firm selected a sample of items biased towards high-dollar value individual items. The firm did not perform any procedures to test the remaining population of inventory. (AS 2315.24) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2301 8 To test the existence of inventory the firm selected a sample of items biased towards high-dollar value individual items. The firm did not perform any procedures to test the cost of inventory. (AS 2301.08) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any procedures to evaluate the terms and conditions of the issuer's arrangements with its customers. (AS 2301.08 and .13) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any procedures to evaluate the terms and conditions of the issuer's arrangements with its customers. (AS 2301.08 and .13) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform any procedures to test whether the issuer satisfied its performance obligations prior to the recognition of revenue. (AS 2301.08 and .13) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform any procedures to test whether the issuer satisfied its performance obligations prior to the recognition of revenue. (AS 2301.08 and .13) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm also did not perform any procedures to test or in the alternative identify and test controls over the accuracy and completeness of certain issuer-produced information it used in its substantive procedures. (AS 1105.10) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Digital Assets 4 AS 2301 8 The firm did not perform any substantive procedures to test digital assets. (AS 2301.08) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Certain Liabilities 5 AS 2301 8 The firm did not perform any substantive procedures to test certain liabilities. (AS 2301.08) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 1 AS 1105 A8b The issuer engaged a valuation specialist to determine the fair value of convertible debt. The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions developed by the issuer and the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 1 AS 2501 16 The issuer engaged a valuation specialist to determine the fair value of convertible debt. The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions developed by the issuer and the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Convertible Debt Significant Risk 2 AS 1105 A8a The issuer engaged a valuation specialist to determine the fair value of convertible debt. The firm did not perform any procedures to test the accuracy and completeness of issuer-produced data and evaluate the relevance and reliability of data from external sources that were used by the company's specialist. (AS 1105.A8a) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Possible Illegal Acts 1 AS 2405 10 During the audit the firm became aware of information concerning possible illegal acts by the issuer. The firm did not evaluate the information concerning the possible illegal acts to obtain (1) an understanding of the nature of the acts and the circumstances in which they occurred and (2) sufficient other information to evaluate the effect on the financial statements. (AS 2405.07 and 10) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Possible Illegal Acts 1 AS 2405 7 During the audit the firm became aware of information concerning possible illegal acts by the issuer. The firm did not evaluate the information concerning the possible illegal acts to obtain (1) an understanding of the nature of the acts and the circumstances in which they occurred and (2) sufficient other information to evaluate the effect on the financial statements. (AS 2405.07 and 10) Triennially Inspected 1171 WWC, P.C. 2023 United States 2024-11-21T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Investment Securities Significant Risk 1 AS 1105 10 The firm did not perform procedures to test or identify and test controls over the accuracy of certain data used to determine the valuation of certain investment securities beyond testing the accuracy of the data in the prior year. (AS 1105.10) Triennially Inspected 1227 BDO Canada LLP 2023 Canada BDO International Limited 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Non-Current Assets Significant Risk 1 AS 1201 C6 The firm used an auditor-employed specialist to assist it in testing the fair value of certain non-current assets. The auditor-employed specialist's approach consisted of developing an independent expectation as a range of fair value outcomes using comparable publicly traded companies and precedent transactions in the sector. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because the firm did not evaluate whether the auditor-employed specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Triennially Inspected 1227 BDO Canada LLP 2023 Canada BDO International Limited 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Non-Current Assets Significant Risk 1 AS 1201 C7 The firm used an auditor-employed specialist to assist it in testing the fair value of certain non-current assets. The auditor-employed specialist's approach consisted of developing an independent expectation as a range of fair value outcomes using comparable publicly traded companies and precedent transactions in the sector. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because the firm did not evaluate whether the auditor-employed specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Triennially Inspected 1227 BDO Canada LLP 2023 Canada BDO International Limited 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Non-Current Assets Significant Risk 1 AS 2501 25 The firm used an auditor-employed specialist to assist it in testing the fair value of certain non-current assets. The auditor-employed specialist's approach consisted of developing an independent expectation as a range of fair value outcomes using comparable publicly traded companies and precedent transactions in the sector. The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because the firm did not evaluate whether the auditor-employed specialist's independent expectation of the fair value as a range encompassed only reasonable outcomes and was supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Triennially Inspected 1227 BDO Canada LLP 2023 Canada BDO International Limited 2024-11-21T00:00:00 Part I.A B Yes Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 61 The firm was instructed by the principal auditor to perform procedures to address certain risks of material misstatement identified by the principal auditor including a fraud risk related to management override of controls. The firm reported to the principal auditor that it responded to the identified fraud risk by performing procedures to test journal entries among other procedures. The firm did not perform procedures to select and test journal entries for certain fraud criteria identified by the firm. (AS 2401.61) Triennially Inspected 1432 BDO Bedrijfsrevisoren - BDO Reviseurs d'Entreprises 2023 Belgium BDO International Limited 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transaction Significant Risk 1 AS 2501 16 The firm's approach for substantively testing the valuation of a significant transaction was to test the issuer's process which included the use of projected financial information developed by the issuer using significant assumptions related to sales volume for the forecasted period. The firm did not sufficiently evaluate the reasonableness of these assumptions because it limited its procedures to inquiry of management and review of internal plans without taking into account the issuer's ability to carry out its planned course of action. (AS 2501.16 and .17) Triennially Inspected 1432 BDO Bedrijfsrevisoren - BDO Reviseurs d'Entreprises 2023 Belgium BDO International Limited 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Transaction Significant Risk 1 AS 2501 17 The firm's approach for substantively testing the valuation of a significant transaction was to test the issuer's process which included the use of projected financial information developed by the issuer using significant assumptions related to sales volume for the forecasted period. The firm did not sufficiently evaluate the reasonableness of these assumptions because it limited its procedures to inquiry of management and review of internal plans without taking into account the issuer's ability to carry out its planned course of action. (AS 2501.16 and .17) Triennially Inspected 1432 BDO Bedrijfsrevisoren - BDO Reviseurs d'Entreprises 2023 Belgium BDO International Limited 2024-11-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain issuer-produced system-generated data used in its substantive testing of revenue. (AS 1105.10) Triennially Inspected 116 Delap LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 61 The firm did not appropriately consider the characteristics of potentially fraudulent journal entries when identifying and selecting journal entries for testing and instead haphazardly selected entries for testing. (AS 2401.61) Triennially Inspected 149 Elliott Davis, LLC 2024 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 39 The issuer used information from a service organization in developing its estimate of the ACL. The firm selected for testing certain controls that used data and reports from the service organization. The firm did not (1) perform any procedures to obtain evidence regarding the service organization's controls for the year under audit or (2) identify and test any other controls over the accuracy and completeness of the data and reports used in the performance of these controls. (AS 2201.39 and .B19) Triennially Inspected 149 Elliott Davis, LLC 2024 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 B19 The issuer used information from a service organization in developing its estimate of the ACL. The firm selected for testing certain controls that used data and reports from the service organization. The firm did not (1) perform any procedures to obtain evidence regarding the service organization's controls for the year under audit or (2) identify and test any other controls over the accuracy and completeness of the data and reports used in the performance of these controls. (AS 2201.39 and .B19) Triennially Inspected 149 Elliott Davis, LLC 2024 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2301 11 The firm used certain of these data and reports in its substantive testing of the ACL but did not test or identify and test any controls over (as discussed above) the accuracy and/or completeness of these data and reports. (AS 2301.08 and .11) Triennially Inspected 149 Elliott Davis, LLC 2024 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2301 8 The firm used certain of these data and reports in its substantive testing of the ACL but did not test or identify and test any controls over (as discussed above) the accuracy and/or completeness of these data and reports. (AS 2301.08 and .11) Triennially Inspected 178 Semple, Marchal & Cooper, LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm selected certain revenue transactions for testing. The firm did not perform sufficient procedures to evaluate whether the issuer met its performance obligations before revenue was recognized because it limited its procedures to obtaining incident response logs and reports prepared by the issuer. (AS 2301.08 and .13) Triennially Inspected 178 Semple, Marchal & Cooper, LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm selected certain revenue transactions for testing. The firm did not perform sufficient procedures to evaluate whether the issuer met its performance obligations before revenue was recognized because it limited its procedures to obtaining incident response logs and reports prepared by the issuer. (AS 2301.08 and .13) Triennially Inspected 178 Semple, Marchal & Cooper, LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 13 The firm selected certain revenue transactions for testing. The firm did not determine whether the expectations it used in its substantive analytical procedures over revenue were based on predictable relationships. (AS 2305.13 and .14) Triennially Inspected 178 Semple, Marchal & Cooper, LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 14 The firm selected certain revenue transactions for testing. The firm did not determine whether the expectations it used in its substantive analytical procedures over revenue were based on predictable relationships. (AS 2305.13 and .14) Triennially Inspected 178 Semple, Marchal & Cooper, LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Allowance for Doubtful Accounts 3 AS 1105 10 The firm did not perform sufficient procedures to test or identify and test controls over the accuracy of the accounts receivable aging report it used in its substantive testing of the allowance for doubtful accounts because it used the invoice dates included in the report to recalculate the aging without performing procedures to test the accuracy of those dates. (AS 1105.10) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm selected for testing controls that included the review of revenue. The firm did not evaluate the specific review procedures performed by the control owners to assess (i) that revenue was recognized in the appropriate period and (ii) the reasonableness of estimated hours to complete. (AS 2201.42 and .44) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm selected for testing controls that included the review of revenue. The firm did not evaluate the specific review procedures performed by the control owners to assess (i) that revenue was recognized in the appropriate period and (ii) the reasonableness of estimated hours to complete. (AS 2201.42 and .44) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Significant Risk 10 AS 2201 39 The firm did not identify and test any controls over the existence and completeness of accounts receivable. (AS 2201.39) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Significant Risk 11 AS 2201 39 The firm selected for testing two controls over the review of the allowance for doubtful accounts. The firm did not identify and test controls over the accuracy and completeness of the accounts receivable aging used in the operation of these two controls beyond identifying and testing a control over the accurate aging of outstanding invoices. (AS 2201.39) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Significant Risk 12 AS 2201 42 The firm selected for testing two controls over the review of the allowance for doubtful accounts. With respect to the control over the accurate aging of outstanding invoices the firm did not directly test this control because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Significant Risk 12 AS 2201 44 The firm selected for testing two controls over the review of the allowance for doubtful accounts. With respect to the control over the accurate aging of outstanding invoices the firm did not directly test this control because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Significant Risk 12 AS 2201 B9 The firm selected for testing two controls over the review of the allowance for doubtful accounts. With respect to the control over the accurate aging of outstanding invoices the firm did not directly test this control because its procedures were substantive in nature. (AS 2201.42 .44 and .B9) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Significant Risk 13 AS 2310 31 The firm sent positive confirmation requests to test accounts receivable. For certain positive confirmation requests for which it did not receive a response the firm did not perform alternative procedures that provided sufficient appropriate audit evidence to address the existence and accuracy of the accounts receivable. (AS 2310.31) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 14 AS 2401 61 The firm identified fraud criteria for journal entries. The firm did not perform sufficient procedures to test the journal entries that met the criteria because it limited its procedures to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm selected for testing a control over the review of hours incurred. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm selected for testing a control over the review of hours incurred. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of certain issuer-produced information used in the operation of the above controls. (AS 2201.39) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 39 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm did not identify and test any controls over the identification of performance obligations in contracts determination of the transaction price and allocation of the transaction price to the identified performance obligations. (AS 2201.39) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 42 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm selected for testing two controls that included the review of the presentation and disclosure of the financial statements. The firm did not evaluate the specific review procedures performed by the control owners to evaluate the reasonableness of a disclosure related to revenue. (AS 2201.42 and .44) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 44 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm selected for testing two controls that included the review of the presentation and disclosure of the financial statements. The firm did not evaluate the specific review procedures performed by the control owners to evaluate the reasonableness of a disclosure related to revenue. (AS 2201.42 and .44) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 1105 10 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm did not test or (as discussed above) test controls over the accuracy and completeness of issuer-produced information used in its substantive testing. (AS 1105.10) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 1105 10 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm did not perform procedures to test or identify and test controls over the accuracy and completeness of certain other issuer-produced information used in its substantive testing. (AS 1105.10) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2501 7 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm did not perform procedures to test disclosures related to performance obligations expected to be recognized at year end and the periods over which the issuer expects to recognize those amounts beyond obtaining issuer-produced reports. (AS 2501.07) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2501 16 The issuer's revenue included revenue recognized from contracts over time based on hours incurred to date relative to total estimated hours to complete. The following deficiency was identified: · The firm did not perform procedures beyond inquiry of management to evaluate the reasonableness of significant assumptions related to estimated hours to complete. (AS 2501.16) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform procedures to test that the issuer satisfied its performance obligations prior to the recognition of revenue beyond obtaining an issuer-produced report and issuer-produced data. (AS 2301.08 and .13) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform procedures to test that the issuer satisfied its performance obligations prior to the recognition of revenue beyond obtaining an issuer-produced report and issuer-produced data. (AS 2301.08 and .13) Triennially Inspected 468 Rose, Snyder & Jacobs LLP 2023 United States 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 The firm identified fraud criteria for journal entries. The firm did not perform sufficient procedures to test the journal entries that met the criteria because it limited its procedures to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 55 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The firm selected for testing controls over certain revenue and accounts receivable and tested the controls through the second quarter of the year under audit. The firm did not perform procedures to update the results of its testing from this interim date to year end beyond inquiry of management. (AS 2201.55) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 16 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 18 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 37 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2315 19 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2315 23 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2315 23A The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 1105 10 The issuer recognized revenue as services were provided and accrued revenue and recorded accounts receivable for services provided but not yet billed. The firm identified an elevated inherent risk related to certain revenue that was recognized over time. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain issuer-produced system generated information it used to test unbilled revenue and accounts receivable. (AS 1105.10) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A B Yes Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2301 8 For certain services the issuer offered discounts rebates and other concessions (collectively 'price adjustments') to customers and recognized revenue based on the gross invoiced price less any applicable price adjustments. To test revenue recognized from these services the firm selected a sample of customer invoices and agreed the net invoiced amounts to cash collections. The firm did not perform any substantive procedures to test the accuracy of the gross invoiced prices and applicable price adjustments. (AS 2301.08) Triennially Inspected 1273 KPMG Auditores Consultores Limitada 2023 Chile KPMG International Cooperative 2024-10-24T00:00:00 Part I.A C Yes Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Journal Entries Fraud Risk 1 AS 2401 61 The firm was instructed by the principal auditor to perform procedures to test journal entries and other adjustments to address the risk of management override of controls around the financial reporting processes at the group level. The firm identified fraud criteria to identify and select journal entries for testing and communicated the criteria to the principal auditor. The firm did not perform procedures to identify and test journal entries that met one of the criteria. (AS 2401.61) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The firm selected for testing certain automated application controls related to revenue. The firm's testing of these controls was not sufficient because the procedures performed were substantive in nature and did not directly test the controls. (AS 2201.42 .44 and .B9) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The firm selected for testing certain automated application controls related to revenue. The firm's testing of these controls was not sufficient because the procedures performed were substantive in nature and did not directly test the controls. (AS 2201.42 .44 and .B9) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 B9 The firm selected for testing certain automated application controls related to revenue. The firm's testing of these controls was not sufficient because the procedures performed were substantive in nature and did not directly test the controls. (AS 2201.42 .44 and .B9) Triennially Inspected 2230 Fiondella, Milone & LaSaracina LLP 2024 United States 2024-10-24T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2201 39 The firm selected for testing a control over the valuation of goodwill. The firm did not identify and test controls over the accuracy of data used in the operation of this control. (AS 2201.39) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 11 The issuer entered into certain revenue arrangements during the year. The firm did not perform procedures beyond comparisons to issuer-produced reports to test this revenue including testing the valuation of certain aspects of revenue. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 8 The issuer entered into certain revenue arrangements during the year. The firm did not perform procedures beyond comparisons to issuer-produced reports to test this revenue including testing the valuation of certain aspects of revenue. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2501 7 The issuer entered into certain revenue arrangements during the year. The firm did not perform procedures beyond comparisons to issuer-produced reports to test this revenue including testing the valuation of certain aspects of revenue. (AS 2301.08 and .11; AS 2501.07) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 2401 67 The issuer entered into certain revenue arrangements during the year. The firm did not evaluate the business purpose (or lack thereof) of these arrangements that appeared unusual due to their timing size or nature including whether they may have been entered into to engage in fraudulent financial reporting or conceal misappropriation of assets given certain facts regarding the arrangements. (AS 2401.67) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Statement of Cash Flows 3 AS 2301 8 The firm did not perform any procedures to test the statement of cash flows. (AS 2301.08) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 4 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 11 The firm did not perform procedures to test revenue beyond tracing a sample of revenue transactions to issuer-prepared invoices. (AS 2301.08 and .11) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2301 8 The firm did not perform procedures to test revenue beyond tracing a sample of revenue transactions to issuer-prepared invoices. (AS 2301.08 and .11) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2510 9 The firm did not perform procedures to test the existence of inventory beyond comparing inventory counts from the issuer's inventory records to records from the issuer's warehouses. (AS 2510.09) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 7 The firm did not perform procedures to test the inventory reserves beyond obtaining and reading a listing of obsolete items and the approval for the write off of certain inventory. (AS 2501.07) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries 4 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform procedures to test revenue beyond tracing all revenue transactions to issuer-prepared invoices and evaluating the appropriateness of the issuer's revenue recognition policy. (AS 2301.08) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2301 8 The firm did not perform procedures to evaluate the issuer's conclusion that there were no indicators of potential impairment for intangible assets even though the firm was aware such conditions existed. (AS 2301.08; AS 2810.03) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Assets 2 AS 2810 3 The firm did not perform procedures to evaluate the issuer's conclusion that there were no indicators of potential impairment for intangible assets even though the firm was aware such conditions existed. (AS 2301.08; AS 2810.03) Triennially Inspected 5968 Olayinka Oyebola & Co (Chartered Accountants) 2023 Nigeria 2024-10-24T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries 3 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2201 42 The issuer determined the qualitative component of the ALL by applying basis points to qualitative factors. The following deficiency was identified: · The firm selected for testing a review control over the qualitative component of the ALL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the basis points applied to each qualitative factor. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2201 44 The issuer determined the qualitative component of the ALL by applying basis points to qualitative factors. The following deficiency was identified: · The firm selected for testing a review control over the qualitative component of the ALL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the basis points applied to each qualitative factor. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 10 AS 2501 16 The issuer engaged valuation specialists to determine the fair value of the collateral for impaired loans. The following deficiency was identified: · The firm did not perform any procedures to evaluate whether the issuer had a reasonable basis for the significant assumptions it developed related to the adjustments the issuer made to the valuation of collateral. (AS 2501.16) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2501 16 The issuer determined the qualitative component of the ALL by applying basis points to qualitative factors. The following deficiency was identified: · The firm's approach for substantively testing the qualitative component of the ALL was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions related to basis points applied to the qualitative factors. (AS 2501.16) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 3 AS 2201 42 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The firm selected for testing a review control to address the risk related to inaccurate loan risk ratings. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether the loan risk ratings reviews were occurring timely. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 3 AS 2201 44 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The firm selected for testing a review control to address the risk related to inaccurate loan risk ratings. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether the loan risk ratings reviews were occurring timely. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2301 16 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the reasonableness of loan risk ratings was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2301 18 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the reasonableness of loan risk ratings was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2301 37 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the reasonableness of loan risk ratings was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2315 19 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the reasonableness of loan risk ratings was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2315 23 Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the reasonableness of loan risk ratings was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 4 AS 2315 23A Loan risk ratings were an important input in estimating the issuer's ALL. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the reasonableness of loan risk ratings was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 5 AS 2201 42 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The firm selected for testing a control that included the review of impaired loans. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether impaired loans were appropriately reserved including the review of support for the collateral value of the loans. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 5 AS 2201 44 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The firm selected for testing a control that included the review of impaired loans. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether impaired loans were appropriately reserved including the review of support for the collateral value of the loans. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2301 16 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the valuation of impaired loans was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2301 18 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the valuation of impaired loans was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2301 37 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the valuation of impaired loans was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2315 19 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the valuation of impaired loans was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2315 23 The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the valuation of impaired loans was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 6 AS 2315 23A The issuer's ALL included reserves for impaired loans. The following deficiency was identified: · The sample size the firm used in its substantive procedure to test the valuation of impaired loans was too small to provide sufficient appropriate audit evidence because the procedure was designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 7 AS 1105 A8b The issuer engaged valuation specialists to determine the fair value of the collateral for impaired loans. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions developed and used by the company's specialists. (AS 1105.A8b) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 8 AS 1105 A8a The issuer engaged valuation specialists to determine the fair value of the collateral for impaired loans. The following deficiency was identified: · The firm did not test the accuracy and completeness of certain issuer-produced data used by the company's specialists. (AS 1105.A8a) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 9 AS 1105 A8a The issuer engaged valuation specialists to determine the fair value of the collateral for impaired loans. The following deficiency was identified: · The firm did not evaluate the relevance and reliability of certain data from external sources used by the company's specialists. (AS 1105.A8a) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of management's reviews of the ACL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the qualitative component of the ACL. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of management's reviews of the ACL. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the qualitative component of the ACL. (AS 2201.42 and .44) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 39 The issuer used certain data to determine the quantitative component of the ACL. The firm did not identify and test any controls over the accuracy and/or completeness of this data. (AS 2201.39) In addition the firm used this data to substantively test the ACL. The firm did not perform any procedures to test or (as discussed above) identify and test any controls over the accuracy of this data. (AS 2301.08) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2301 8 The issuer used certain data to determine the quantitative component of the ACL. In addition the firm used this data to substantively test the ACL. The firm did not perform any procedures to test or (as discussed above) identify and test any controls over the accuracy of this data. (AS 2301.08) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2301 8 The firm did not perform any substantive procedures to test the valuation of certain investment securities including some accounted for at fair value. (AS 2301.08; AS 2501.07) Triennially Inspected 392 Wolf & Company, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2501 7 The firm did not perform any substantive procedures to test the valuation of certain investment securities including some accounted for at fair value. (AS 2301.08; AS 2501.07) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 1 AS 1105 4 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and/or reliability of external information it used to test revenue and digital assets. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 1 AS 1105 6 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and/or reliability of external information it used to test revenue and digital assets. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and/or reliability of external information it used to test revenue and digital assets. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and/or reliability of external information it used to test revenue and digital assets. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 2 AS 2301 11 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over the digital assets beyond viewing the digital asset wallets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 2 AS 2301 8 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over the digital assets beyond viewing the digital asset wallets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 11 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over the digital assets beyond viewing the digital asset wallets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over the digital assets beyond viewing the digital asset wallets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 3 AS 2301 11 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to evaluate the presentation of digital assets as either current or non-current assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 3 AS 2301 8 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to evaluate the presentation of digital assets as either current or non-current assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 11 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to evaluate the presentation of digital assets as either current or non-current assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not perform any procedures to evaluate the presentation of digital assets as either current or non-current assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 4 AS 2301 11 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's accounting for certain of the digital assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 4 AS 2301 8 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's accounting for certain of the digital assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 11 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's accounting for certain of the digital assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The issuer earned revenue through cryptocurrency transactions and received digital assets in return. The following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's accounting for certain of the digital assets. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The issuer's revenue included revenue recognized from contracts over time based on costs incurred to date relative to total estimated costs to complete. The following deficiency was identified: · The firm did not perform sufficient procedures to test the accuracy and completeness of an issuer-prepared schedule it used to test this revenue because it limited its procedures to comparing it to a system-generated report. Further the firm did not perform sufficient procedures to test the accuracy and completeness of the system-generated report because it limited its testing to one item. (AS 1105.10) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The issuer's revenue included revenue recognized from contracts over time based on costs incurred to date relative to total estimated costs to complete. The following deficiency was identified: · The firm did not perform any procedures to test or identify and test controls over the accuracy and completeness of certain other issuer-prepared schedules it used to test this revenue. (AS 1105.10) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2501 16 The issuer's revenue included revenue recognized from contracts over time based on costs incurred to date relative to total estimated costs to complete. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of the significant assumption related to estimated labor costs to complete because it limited its procedures to inquiry and a comparison to a report that included costs incurred subsequent to year end. Further the firm did not perform any procedures to test or identify and test controls over the accuracy and completeness of the report of costs incurred subsequent to year end. (AS 1105.10; AS 2501.16) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2301 11 The firm did not perform procedures to test the raw material costs in inventory at year end. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2301 8 The firm did not perform procedures to test the raw material costs in inventory at year end. (AS 2301.08 and .11) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 5 AS 1105 10 The firm did not perform procedures to test or identify and test controls over the accuracy and completeness of certain system-generated reports that it used to substantively test certain inventory. (AS 1105.10) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform procedures to evaluate whether the issuer's accounting for certain revenue as the principal rather than as an agent was appropriate beyond obtaining an issuer-prepared analysis. (AS 2301.08 and .13) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform procedures to evaluate whether the issuer's accounting for certain revenue as the principal rather than as an agent was appropriate beyond obtaining an issuer-prepared analysis. (AS 2301.08 and .13) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform sufficient procedures to test whether the issuer satisfied its performance obligations for a second type of revenue because it limited its procedures to (1) obtaining cash receipts and sales invoices and (2) sending negative confirmations to a respondent who was a related party without considering the respondent's objectivity and freedom from bias and whether the response that was received by the firm provided meaningful and appropriate evidence. (AS 2301.08 and .13; AS 2310.26 and .27) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform sufficient procedures to test whether the issuer satisfied its performance obligations for a second type of revenue because it limited its procedures to (1) obtaining cash receipts and sales invoices and (2) sending negative confirmations to a respondent who was a related party without considering the respondent's objectivity and freedom from bias and whether the response that was received by the firm provided meaningful and appropriate evidence. (AS 2301.08 and .13; AS 2310.26 and .27) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2310 26 The firm did not perform sufficient procedures to test whether the issuer satisfied its performance obligations for a second type of revenue because it limited its procedures to (1) obtaining cash receipts and sales invoices and (2) sending negative confirmations to a respondent who was a related party without considering the respondent's objectivity and freedom from bias and whether the response that was received by the firm provided meaningful and appropriate evidence. (AS 2301.08 and .13; AS 2310.26 and .27) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2310 27 The firm did not perform sufficient procedures to test whether the issuer satisfied its performance obligations for a second type of revenue because it limited its procedures to (1) obtaining cash receipts and sales invoices and (2) sending negative confirmations to a respondent who was a related party without considering the respondent's objectivity and freedom from bias and whether the response that was received by the firm provided meaningful and appropriate evidence. (AS 2301.08 and .13; AS 2310.26 and .27) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm selected a sample of transactions to test a third type of revenue. For certain of the sampled transactions the firm did not perform procedures to test the quantity used to recognize revenue beyond obtaining a system-generated report without testing or identifying and testing controls over the accuracy and completeness of the report. (AS 1105.10; AS 2301.08 and .13) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The firm selected a sample of transactions to test a third type of revenue. For certain of the sampled transactions the firm did not perform procedures to test the quantity used to recognize revenue beyond obtaining a system-generated report without testing or identifying and testing controls over the accuracy and completeness of the report. (AS 1105.10; AS 2301.08 and .13) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm selected a sample of transactions to test a third type of revenue. For certain of the sampled transactions the firm did not perform procedures to test the quantity used to recognize revenue beyond obtaining a system-generated report without testing or identifying and testing controls over the accuracy and completeness of the report. (AS 1105.10; AS 2301.08 and .13) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The firm did not perform procedures to evaluate the relevance and reliability of certain external information used in its substantive procedures to test certain revenue. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The firm did not perform procedures to evaluate the relevance and reliability of certain external information used in its substantive procedures to test certain revenue. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 16 In addition the firm performed a substantive analytical procedure to test this revenue. The firm developed its expectations for revenue using external data. The firm did not evaluate whether this data was sufficiently reliable for purposes of achieving its audit objective. (AS 2305.16) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 1105 4 The firm did not perform any procedures to evaluate the relevance and reliability of certain external data it used to test certain revenue. (AS 1105.04 and .06) Triennially Inspected 587 RBSM LLP 2023 United States 2024-09-27T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 1105 6 The firm did not perform any procedures to evaluate the relevance and reliability of certain external data it used to test certain revenue. (AS 1105.04 and .06) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit/Loan Losses Significant Risk 1 AS 2201 42 The issuer used certain qualitative factors to determine the qualitative reserve component of the ACLL. The firm selected for testing a control over the issuer's review of the qualitative reserve component. The firm did not evaluate the specific review procedures that the control owner performed to (1) evaluate the reasonableness of the assumptions used to develop the qualitative reserve component and (2) test the accuracy and completeness of the data used in the operation of the control. (AS 2201.42 and .44) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit/Loan Losses Significant Risk 1 AS 2201 44 The issuer used certain qualitative factors to determine the qualitative reserve component of the ACLL. The firm selected for testing a control over the issuer's review of the qualitative reserve component. The firm did not evaluate the specific review procedures that the control owner performed to (1) evaluate the reasonableness of the assumptions used to develop the qualitative reserve component and (2) test the accuracy and completeness of the data used in the operation of the control. (AS 2201.42 and .44) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit/Loan Losses Significant Risk 2 AS 2501 16 The issuer used certain qualitative factors to determine the qualitative reserve component of the ACLL. The firm selected for testing a control over the issuer's review of the qualitative reserve component. The firm's approach for substantively testing the qualitative component of the ACLL was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of significant assumptions used by the issuer to develop the qualitative component of the ACLL. (AS 2501.16) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 3 AS 2401 61 The firm did not select journal entries and other adjustments that met its identified fraud characteristics for testing. (AS 2401.61) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit/Loan Losses Significant Risk 1 AS 2201 42 The firm selected for testing certain controls that consisted of the issuer's review of the ACLL. The firm did not evaluate the specific review procedures that the control owners performed to (1) evaluate the reasonableness of the assumptions used to develop the ACLL and (2) test the accuracy and completeness of the data used in the operation of these controls. (AS 2201.42 and .44) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit/Loan Losses Significant Risk 1 AS 2201 44 The firm selected for testing certain controls that consisted of the issuer's review of the ACLL. The firm did not evaluate the specific review procedures that the control owners performed to (1) evaluate the reasonableness of the assumptions used to develop the ACLL and (2) test the accuracy and completeness of the data used in the operation of these controls. (AS 2201.42 and .44) Triennially Inspected 613 Yount, Hyde & Barbour, P.C. 2024 United States 2024-09-27T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit/Loan Losses Significant Risk 2 AS 2501 16 The firm's approach for substantively testing the ACLL was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of significant assumptions used by the issuer to develop the ACLL. (AS 2501.16) Triennially Inspected 655 CliftonLarsonAllen LLP 2024 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities Significant Risk 1 AS 2501 20 The issuer engaged an external pricing service to provide security pricing for its investment securities. The firm used the pricing information from this pricing provider as audit evidence. The firm did not evaluate whether the pricing information provided sufficient appropriate audit evidence because it did not evaluate the relevance and reliability of the pricing information obtained from this pricing provider. (AS 2501.20 .A2 .A4 and .A5) Triennially Inspected 655 CliftonLarsonAllen LLP 2024 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities Significant Risk 1 AS 2501 A2 The issuer engaged an external pricing service to provide security pricing for its investment securities. The firm used the pricing information from this pricing provider as audit evidence. The firm did not evaluate whether the pricing information provided sufficient appropriate audit evidence because it did not evaluate the relevance and reliability of the pricing information obtained from this pricing provider. (AS 2501.20 .A2 .A4 and .A5) Triennially Inspected 655 CliftonLarsonAllen LLP 2024 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities Significant Risk 1 AS 2501 A4 The issuer engaged an external pricing service to provide security pricing for its investment securities. The firm used the pricing information from this pricing provider as audit evidence. The firm did not evaluate whether the pricing information provided sufficient appropriate audit evidence because it did not evaluate the relevance and reliability of the pricing information obtained from this pricing provider. (AS 2501.20 .A2 .A4 and .A5) Triennially Inspected 655 CliftonLarsonAllen LLP 2024 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities Significant Risk 1 AS 2501 A5 The issuer engaged an external pricing service to provide security pricing for its investment securities. The firm used the pricing information from this pricing provider as audit evidence. The firm did not evaluate whether the pricing information provided sufficient appropriate audit evidence because it did not evaluate the relevance and reliability of the pricing information obtained from this pricing provider. (AS 2501.20 .A2 .A4 and .A5) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 1201 C6 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · For one of these expectations the firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a significant assumption it used to develop the expectation. (AS 1201.C6 and .C7; AS 2501.22) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 1201 C7 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · For one of these expectations the firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a significant assumption it used to develop the expectation. (AS 1201.C6 and .C7; AS 2501.22) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 1 AS 2501 22 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · For one of these expectations the firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's work did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for a significant assumption it used to develop the expectation. (AS 1201.C6 and .C7; AS 2501.22) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 2 AS 1201 C7 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · For the other expectation the firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's conclusion appeared to contradict the issuer's assertion that these assets were not impaired and perform additional procedures or request the auditor-employed specialist to perform additional procedures to address the issue. (AS 1201.C7) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 3 AS 1201 C6 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's evaluation of events occurring after the measurement date did not provide sufficient appropriate audit evidence because it did not take into account certain changes in the issuer's circumstances and other relevant conditions during the evaluation period. (AS 1201.C6 and .C7; AS 2501.28 and .29) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 3 AS 1201 C7 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's evaluation of events occurring after the measurement date did not provide sufficient appropriate audit evidence because it did not take into account certain changes in the issuer's circumstances and other relevant conditions during the evaluation period. (AS 1201.C6 and .C7; AS 2501.28 and .29) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 3 AS 2501 28 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's evaluation of events occurring after the measurement date did not provide sufficient appropriate audit evidence because it did not take into account certain changes in the issuer's circumstances and other relevant conditions during the evaluation period. (AS 1201.C6 and .C7; AS 2501.28 and .29) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 3 AS 2501 29 The issuer performed an assessment of certain assets for possible impairment using forecasted cash flows that assumed significant revenue growth and the firm used an auditor-employed specialist to assist it with testing the issuer's impairment assessment. The auditor-employed specialist's approach consisted of (1) developing expectations of the value-in-use of these assets and (2) evaluating events occurring after the measurement date. The following deficiency was identified: · The firm did not sufficiently evaluate the work of the auditor-employed specialist and identify that the auditor-employed specialist's evaluation of events occurring after the measurement date did not provide sufficient appropriate audit evidence because it did not take into account certain changes in the issuer's circumstances and other relevant conditions during the evaluation period. (AS 1201.C6 and .C7; AS 2501.28 and .29) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 4 AS 2301 11 During the year the issuer capitalized costs associated with certain of these assets. The firm did not perform procedures to evaluate whether in conformity with relevant GAAP the issuer met certain criteria necessary to capitalize these costs beyond inquiry of management and a review of the issuer's internal plans. (AS 2301.08 and .11) Triennially Inspected 989 Richter S.E.N.C.R.L./LLP 2024 Canada 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Certain Assets Significant Risk 4 AS 2301 8 During the year the issuer capitalized costs associated with certain of these assets. The firm did not perform procedures to evaluate whether in conformity with relevant GAAP the issuer met certain criteria necessary to capitalize these costs beyond inquiry of management and a review of the issuer's internal plans. (AS 2301.08 and .11) Triennially Inspected 1013 Urish Popeck & Company, LLC 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The firm did not perform procedures to evaluate the reliability of certain information it obtained from external sources that it used in its substantive procedures for certain revenue. (AS 1105.04 and .06) Triennially Inspected 1013 Urish Popeck & Company, LLC 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The firm did not perform procedures to evaluate the reliability of certain information it obtained from external sources that it used in its substantive procedures for certain revenue. (AS 1105.04 and .06) Triennially Inspected 1013 Urish Popeck & Company, LLC 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm did not perform any procedures to evaluate whether the issuer's recognition of certain revenue was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 1013 Urish Popeck & Company, LLC 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm did not perform any procedures to evaluate whether the issuer's recognition of certain revenue was in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2023 South Korea PricewaterhouseCoopers International Limited 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record revenue. In its testing of controls over certain revenue the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) over certain of these IT systems the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2023 South Korea PricewaterhouseCoopers International Limited 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record revenue. The firm selected for testing certain ITGCs over user access to these IT systems. Management asserted that logical access to these IT systems was controlled through a third-party hosted IT solution used by the issuer and the firm obtained and evaluated a service auditor's report from this third-party hosted IT solution. The firm did not perform procedures to verify this assertion beyond inquiry of management and therefore the firm did not establish a basis to conclude that the logical access to these IT systems was only controlled through this third-party hosted IT solution. (AS 2201.42 and .44) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2023 South Korea PricewaterhouseCoopers International Limited 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record revenue. The firm selected for testing certain ITGCs over user access to these IT systems. Management asserted that logical access to these IT systems was controlled through a third-party hosted IT solution used by the issuer and the firm obtained and evaluated a service auditor's report from this third-party hosted IT solution. The firm did not perform procedures to verify this assertion beyond inquiry of management and therefore the firm did not establish a basis to conclude that the logical access to these IT systems was only controlled through this third-party hosted IT solution. (AS 2201.42 and .44) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2023 South Korea PricewaterhouseCoopers International Limited 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm used system-generated data to substantively test certain revenue but did not test or sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1103 Samil PricewaterhouseCoopers 2023 South Korea PricewaterhouseCoopers International Limited 2024-09-27T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The firm used payment information produced by a third-party service organization used by the issuer to substantively test certain revenue but did not perform any procedures to test the accuracy and completeness of this information. (AS 2301.08) Triennially Inspected 1297 KPMG Audit Limited 2023 Bermuda KPMG International Cooperative 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Insurance-Related Liabilities 1 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 825 Financial Instruments. (AS 2810.30 and .31) Triennially Inspected 1297 KPMG Audit Limited 2023 Bermuda KPMG International Cooperative 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Insurance-Related Liabilities 1 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 825 Financial Instruments. (AS 2810.30 and .31) Triennially Inspected 1297 KPMG Audit Limited 2023 Bermuda KPMG International Cooperative 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Insurance-Related Liabilities 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to certain errors in a disclosure required by FASB ASC Topic 944 Financial Services - Insurance. (AS 2810.30 and .31) Triennially Inspected 1297 KPMG Audit Limited 2023 Bermuda KPMG International Cooperative 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Insurance-Related Liabilities 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to certain errors in a disclosure required by FASB ASC Topic 944 Financial Services - Insurance. (AS 2810.30 and .31) Triennially Inspected 2866 Accuity LLP 2024 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimates Significant Risk 1 AS 1105 A8a The issuer engaged a specialist to develop an estimate. The firm did not test the accuracy and completeness of issuer-produced data that the company's specialist used to develop the estimate. (AS 1105.A8a) Triennially Inspected 2866 Accuity LLP 2024 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Estimates Significant Risk 2 AS 2501 7 The firm did not perform procedures to test another estimate beyond reconciling the amount to a confirmation. (AS 2501.07) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 1 AS 2501 7 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not test the valuation of certain digital assets at year end. (AS 2501.07) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 2 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's presentation of digital assets. (AS 2301.08 and .13) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 2 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not evaluate the appropriateness of the issuer's presentation of digital assets. (AS 2301.08 and .13) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 3 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not evaluate the relevance and reliability of external data it used to test digital assets. (AS 1105.04 and .06) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 3 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not evaluate the relevance and reliability of external data it used to test digital assets. (AS 1105.04 and .06) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 4 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over the digital assets to support its rights and obligations. (AS 2301.08 and .13) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Digital Assets Fraud Risk 4 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer reported digital assets. The following deficiency was identified: · The firm did not perform any procedures to establish that the issuer had control over the digital assets to support its rights and obligations. (AS 2301.08 and .13) Unrelated to our review the issuer reevaluated its accounting for certain digital assets and concluded that a material misstatement existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this misstatement in a subsequent filing by revising the presentation and the firm revised and reissued its report on the financial statements. Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 13 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain revenue the firm did not test whether (1) a contractual arrangement was entered into with the customer (2) the issuer satisfied its performance obligations prior to the recognition of revenue (3) the issuer had rights and obligations to the customer payments and (4) the rate charged to the customer was in accordance with the terms of the arrangement. (AS 2301.08 and .13) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. With respect to certain revenue the firm did not test whether (1) a contractual arrangement was entered into with the customer (2) the issuer satisfied its performance obligations prior to the recognition of revenue (3) the issuer had rights and obligations to the customer payments and (4) the rate charged to the customer was in accordance with the terms of the arrangement. (AS 2301.08 and .13) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not evaluate the relevance and reliability of external data it used to test this revenue. (AS 1105.04 and .06) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not evaluate the relevance and reliability of external data it used to test this revenue. (AS 1105.04 and .06) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Other Income 7 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm did not perform procedures beyond obtaining a management representation letter to test other income including evaluating whether the issuer's accounting for the recognition of other income was in conformity with GAAP. (AS 2301.08)The firm did not perform procedures beyond obtaining a management representation letter to test other income including evaluating whether the issuer's accounting for the recognition of other income was in conformity with GAAP. (AS 2301.08) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 2501 7 The firm did not perform any procedures to test the fair value of certain significant accounts including consideration of contradictory information that was included in the work papers. (AS 2501.07; AS 2810.03) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Significant Accounts Significant Risk 1 AS 2810 3 The firm did not perform any procedures to test the fair value of certain significant accounts including consideration of contradictory information that was included in the work papers. (AS 2501.07; AS 2810.03) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 2 AS 1105 A8b The issuer engaged a valuation specialist to perform its annual goodwill impairment analyses. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions used by the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 2 AS 2501 16 The issuer engaged a valuation specialist to perform its annual goodwill impairment analyses. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions used by the company's specialist. (AS 1105.A8b; AS 2501.16) Triennially Inspected 3487 AUDIT ALLIANCE LLP 2023 Singapore 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 3 AS 1105 A8a The issuer engaged a valuation specialist to perform its annual goodwill impairment analyses. The firm did not perform any procedures to evaluate the relevance and reliability of external data and test the accuracy and completeness of issuer-prepared data that the company's specialist used to develop certain significant assumptions. (AS 1105.A8a) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 24 The firm's approach for testing one type of revenue included performing tests of details for a sample of transactions from one day during the year. The firm did not perform any procedures to test the population of transactions in the remaining days of the year. (AS 2315.24) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The firm's approach for testing one type of revenue included performing tests of details for a sample of transactions from one day during the year. The firm did not perform sufficient procedures to test the transaction price for the sample of transactions because it limited its procedures to testing that the issuer received certain cash. (AS 2301.08 and .13) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The firm's approach for testing one type of revenue included performing tests of details for a sample of transactions from one day during the year. The firm did not perform sufficient procedures to test the transaction price for the sample of transactions because it limited its procedures to testing that the issuer received certain cash. (AS 2301.08 and .13) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 26 The firm's approach for testing a second type of revenue included performing tests of details for a sample of transactions. The firm identified differences in its testing for certain transactions. The firm did not (1) consider the nature and cause of the differences; (2) project the differences to the remaining revenue population; and (3) evaluate the results and take appropriate action. (AS 2315.26 .27 and .28) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 27 The firm's approach for testing a second type of revenue included performing tests of details for a sample of transactions. The firm identified differences in its testing for certain transactions. The firm did not (1) consider the nature and cause of the differences; (2) project the differences to the remaining revenue population; and (3) evaluate the results and take appropriate action. (AS 2315.26 .27 and .28) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 28 The firm's approach for testing a second type of revenue included performing tests of details for a sample of transactions. The firm identified differences in its testing for certain transactions. The firm did not (1) consider the nature and cause of the differences; (2) project the differences to the remaining revenue population; and (3) evaluate the results and take appropriate action. (AS 2315.26 .27 and .28) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The firm did not perform any substantive procedures to test a third type of revenue. (AS 2301.08 and .13) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The firm did not perform any substantive procedures to test a third type of revenue. (AS 2301.08 and .13) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 5 AS 1105 10 The firm's approach for substantively testing the allowance for doubtful accounts was to develop an independent expectation. The following deficiency was identified: · The firm did not perform procedures to test or test controls over the accuracy of certain data it used to develop its independent expectation. (AS 1105.10) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 6 AS 2501 22 The firm's approach for substantively testing the allowance for doubtful accounts was to develop an independent expectation. The following deficiency was identified: · The firm did not perform any procedures to demonstrate it had a reasonable basis for certain assumptions it developed and used in determining its independent expectation. (AS 2501.22) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 7 AS 2501 26 The firm's approach for substantively testing the allowance for doubtful accounts was to develop an independent expectation. The following deficiency was identified: · The firm did not compare its independent expectation to the issuer's recorded allowance for doubtful accounts and evaluate the difference. (AS 2501.26; AS 2810.13) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 7 AS 2810 13 The firm's approach for substantively testing the allowance for doubtful accounts was to develop an independent expectation. The following deficiency was identified: · The firm did not compare its independent expectation to the issuer's recorded allowance for doubtful accounts and evaluate the difference. (AS 2501.26; AS 2810.13) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash and Cash Equivalents Significant Risk 8 AS 2310 28 The firm sent positive confirmation requests for cash and cash equivalents balances and used an external party to receive the confirmation responses. The firm did not maintain control of the confirmation responses through direct communication with the intended recipients of the confirmation requests. (AS 2310.28) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 9 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The firm did not perform procedures to test or test controls over the accuracy of certain system-generated data that it used to test certain revenue. (AS 1105.10) Triennially Inspected 6781 YCM CPA INC. 2023 United States 2024-09-27T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 The firm identified fraud criteria for journal entries and obtained a listing of all journal entries that met the criteria. The firm did not perform sufficient substantive procedures to test those journal entries because it limited its procedures to certain journal entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A10 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A4 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A5 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A6 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A7 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A8 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 1105 A9 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Acquisition of Assets 1 AS 2501 7 During the year the issuer acquired certain assets and engaged a specialist to assist in determining the fair value of these assets. The firm did not perform substantive procedures to test the fair value of these assets beyond obtaining and reading the company's specialist's report and testing the accuracy and completeness of certain issuer-produced data used to determine the fair value of the assets. Further the firm did not perform procedures with respect to its use of the work of the company's specialist as audit evidence beyond assessing the knowledge skill and ability of the company's specialist. (AS 1105.A4 - .A10; AS 2501.07) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Servicing Rights 2 AS 1105 A8a The issuer engaged a specialist to assist in determining the fair value of mortgage servicing rights. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of data from external sources that the company's specialist used. (AS 1105.A8a) Triennially Inspected 52 Berkowitz Pollack Brant Advisors + CPAs, LLP 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Mortgage Servicing Rights 3 AS 1105 A8b The issuer engaged a specialist to assist in determining the fair value of mortgage servicing rights. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialist. (AS 1105.A8b) Triennially Inspected 430 Coulter & Justus, P.C. 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 1105 4 The firm sent a positive confirmation request to the issuer's investment custodian which was returned by the issuer's recordkeeper. The firm did not evaluate the relevance and reliability of the confirmation response and whether alternative procedures were necessary because the confirmation was not obtained from the intended recipient. (AS 1105.04 and .06; AS 2310.31) Triennially Inspected 430 Coulter & Justus, P.C. 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 1105 6 The firm sent a positive confirmation request to the issuer's investment custodian which was returned by the issuer's recordkeeper. The firm did not evaluate the relevance and reliability of the confirmation response and whether alternative procedures were necessary because the confirmation was not obtained from the intended recipient. (AS 1105.04 and .06; AS 2310.31) Triennially Inspected 430 Coulter & Justus, P.C. 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2310 31 The firm sent a positive confirmation request to the issuer's investment custodian which was returned by the issuer's recordkeeper. The firm did not evaluate the relevance and reliability of the confirmation response and whether alternative procedures were necessary because the confirmation was not obtained from the intended recipient. (AS 1105.04 and .06; AS 2310.31) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized revenue from multiple sources through its subsidiaries. To test revenue from two subsidiaries the firm selected revenue transactions for testing. The following deficiency was identified related to these subsidiaries: · The firm did not perform any procedures to evaluate whether (1) multiple contracts entered into at or near the same time with the same customer should be accounted for as a single contract and (2) costs associated with certain contracts were appropriately recorded as a reduction of revenue. (AS 2301.08 and .13) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized revenue from multiple sources through its subsidiaries. To test revenue from two subsidiaries the firm selected revenue transactions for testing. The following deficiency was identified related to these subsidiaries: · The firm did not perform any procedures to evaluate whether (1) multiple contracts entered into at or near the same time with the same customer should be accounted for as a single contract and (2) costs associated with certain contracts were appropriately recorded as a reduction of revenue. (AS 2301.08 and .13) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer recognized revenue from multiple sources through its subsidiaries. To test revenue from two subsidiaries the firm selected revenue transactions for testing. The following deficiency was identified related to these subsidiaries: · The firm did not perform procedures to evaluate whether all performance obligations were appropriately identified beyond obtaining and reading an issuer-prepared memo related to revenue recognition policies. (AS 2301.08 and .13) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized revenue from multiple sources through its subsidiaries. To test revenue from two subsidiaries the firm selected revenue transactions for testing. The following deficiency was identified related to these subsidiaries: · The firm did not perform procedures to evaluate whether all performance obligations were appropriately identified beyond obtaining and reading an issuer-prepared memo related to revenue recognition policies. (AS 2301.08 and .13) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain revenue disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of certain revenue disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 4 AS 2501 16 The issuer identified indicators of impairment for certain intangible assets and estimated undiscounted cash flows to assess the recoverability of those intangible assets. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions including taking into account the issuer's intent and ability to carry out those assumptions. (AS 2501.16 and .17) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 4 AS 2501 17 The issuer identified indicators of impairment for certain intangible assets and estimated undiscounted cash flows to assess the recoverability of those intangible assets. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions including taking into account the issuer's intent and ability to carry out those assumptions. (AS 2501.16 and .17) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 5 AS 1105 10 The issuer identified indicators of impairment for certain intangible assets and estimated undiscounted cash flows to assess the recoverability of those intangible assets. The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain issuer-produced data and reports it used in developing an independent expectation of another significant assumption. (AS 1105.10) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 6 AS 2501 16 The issuer identified indicators of impairment for certain intangible assets and estimated undiscounted cash flows to assess the recoverability of those intangible assets. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of certain other significant assumptions beyond comparing prior year issuer forecasted amounts to prior year actual amounts. (AS 2501.16) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 30 The issuer recognized revenue from multiple sources. The firm did not identify and evaluate a departure from GAAP related to (1) the issuer's omission of a revenue-related disclosure required by FASB ASC Topic 280 Segment Reporting and (2) the issuer's inaccurate disclosure regarding the amount of a certain type of revenue. (AS 2810.30 and .31) Triennially Inspected 457 Haynie & Company 2023 United States 2024-09-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 31 The issuer recognized revenue from multiple sources. The firm did not identify and evaluate a departure from GAAP related to (1) the issuer's omission of a revenue-related disclosure required by FASB ASC Topic 280 Segment Reporting and (2) the issuer's inaccurate disclosure regarding the amount of a certain type of revenue. (AS 2810.30 and .31) Triennially Inspected 759 Seligson & Giannattasio CPAs PC 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Leases 1 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain required disclosures related to FASB ASC Topic 606 Revenue from Contracts with Customers and FASB ASC Topic 842 Leases. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its revenue and lease disclosures and determined certain disclosures were omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Triennially Inspected 759 Seligson & Giannattasio CPAs PC 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Leases 1 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain required disclosures related to FASB ASC Topic 606 Revenue from Contracts with Customers and FASB ASC Topic 842 Leases. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its revenue and lease disclosures and determined certain disclosures were omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Triennially Inspected 759 Seligson & Giannattasio CPAs PC 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2810 30 The firm's internal inspection program had inspected this audit and reviewed Revenue but did not identify the deficiency below. The firm did not identify and evaluate the issuer's omission of certain required disclosures related to FASB ASC Topic 606 Revenue from Contracts with Customers and FASB ASC Topic 842 Leases. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its revenue and lease disclosures and determined certain disclosures were omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Triennially Inspected 759 Seligson & Giannattasio CPAs PC 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2810 31 The firm's internal inspection program had inspected this audit and reviewed Revenue but did not identify the deficiency below. The firm did not identify and evaluate the issuer's omission of certain required disclosures related to FASB ASC Topic 606 Revenue from Contracts with Customers and FASB ASC Topic 842 Leases. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its revenue and lease disclosures and determined certain disclosures were omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 42 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review and approval of certain studies performed to assess the reasonableness of the assumptions used by the issuer to determine a quantitative reserve component of the ACL. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 1 AS 2201 44 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review and approval of certain studies performed to assess the reasonableness of the assumptions used by the issuer to determine a quantitative reserve component of the ACL. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 42 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing two controls that consisted of management's review and approval of the models used by the issuer and the issuer's calculation of a complementary reserve component of the ACL. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of a post-model adjustment included in this component of the ACL. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 2 AS 2201 44 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing two controls that consisted of management's review and approval of the models used by the issuer and the issuer's calculation of a complementary reserve component of the ACL. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of a post-model adjustment included in this component of the ACL. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2201 39 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's monitoring of customers' financial condition through the use of a color-coded monitoring system to identify economic groups that experienced a decline in credit quality. The firm did not identify and test any controls over the accuracy and completeness of the data used in the operation of this control. (AS 2201.39) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2201 42 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's monitoring of customers' financial condition through the use of a color-coded monitoring system to identify economic groups that experienced a decline in credit quality. The firm did not evaluate the specific review procedures that the control owner performed to identify economic groups which experienced a decline in credit quality. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2201 44 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's monitoring of customers' financial condition through the use of a color-coded monitoring system to identify economic groups that experienced a decline in credit quality. The firm did not evaluate the specific review procedures that the control owner performed to identify economic groups which experienced a decline in credit quality. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2201 42 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review and approval of the economic risk ratings used by the issuer to determine the quantitative component of the ACL. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these economic risk ratings. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2201 44 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review and approval of the economic risk ratings used by the issuer to determine the quantitative component of the ACL. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of these economic risk ratings. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 6 AS 2201 39 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm did not identify and test any controls over the valuation of assets collateralizing certain loans. (AS 2201.39) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 7 AS 2501 10 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm did not evaluate whether the method used by the issuer in certain models to determine a complementary reserve component of the ACL was in conformity with the requirements of IFRS. (AS 2501.10) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 8 AS 2501 16 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm did not evaluate the reasonableness of the significant assumptions used by the issuer in these models. (AS 2501.16) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 9 AS 2501 16 The issuer's ACL was comprised of various components including quantitative and complementary reserve components and the issuer used various models and assumptions to determine the individual components of the ACL. The firm's approach for substantively testing the ACL was to test the issuer's process. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of certain significant assumptions used by the issuer to determine the quantitative component of the ACL beyond for one such assumption consisting of loan risk ratings testing the mathematical accuracy of certain inputs for a sample of the issuer's risk rating models. (AS 2501.16) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm selected for testing two controls over revenue that consisted of (1) management's review of information related to order entry shipping invoicing and accounts receivable and (2) the issuer's performance of a gross to net revenue analysis. The firm did not identify and test any controls over the accuracy and completeness of certain reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The firm selected for testing two controls over revenue that consisted of (1) management's review of information related to order entry shipping invoicing and accounts receivable and (2) the issuer's performance of a gross to net revenue analysis. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The firm selected for testing two controls over revenue that consisted of (1) management's review of information related to order entry shipping invoicing and accounts receivable and (2) the issuer's performance of a gross to net revenue analysis. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 39 The firm selected for testing a control over inventory that consisted of management's review of standard versus actual costs used by the issuer to record inventory. The firm did not identify and test any controls over the accuracy and completeness of a report used in the operation of this control. (AS 2201.39) Triennially Inspected 1351 PricewaterhouseCoopers Auditores Independentes Ltda. 2023 Brazil PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A C Yes ICFR audit only Audits with a single deficiency Allowance for Doubtful Accounts 1 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiency below. The firm selected for testing a control over accounts receivable that consisted of management's review and approval of the allowance for doubtful accounts. The firm did not identify and test any controls over the accuracy and completeness of certain system-generated data used in the operation of this control. (AS 2201.39) Triennially Inspected 1419 Ohrlings PricewaterhouseCoopers AB 2023 Sweden PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The firm selected for testing a control that consisted of management's review of the recognition of certain revenue. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1419 Ohrlings PricewaterhouseCoopers AB 2023 Sweden PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The firm selected for testing a control that consisted of management's review of the recognition of certain revenue. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1419 Ohrlings PricewaterhouseCoopers AB 2023 Sweden PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 39 The firm selected for testing a control that consisted of management's review of the recognition of certain revenue. The firm did not identify and test any controls over the accuracy and completeness of a system-generated report that control owners used in the operation of this control and certain other controls that were selected for testing related to revenue. (AS 2201.39) Triennially Inspected 1419 Ohrlings PricewaterhouseCoopers AB 2023 Sweden PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The firm used a system-generated report to substantively test certain revenue but did not test or (as discussed above) test controls over the accuracy and completeness of this report. (AS 1105.10) Triennially Inspected 1419 Ohrlings PricewaterhouseCoopers AB 2023 Sweden PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The firm did not perform any substantive procedures to address an identified fraud risk related to revenue. (AS 2301.13) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 1 AS 2201 39 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm selected for testing controls over certain revenue and related accounts receivable that consisted of (1) the issuer's performance of consistency checks between its systems that track the delivery of services and other systems where sales orders are manually entered as received and (2) management's review of the exception reports produced from these checks that reflect anomalies in the data between the various systems. The firm did not identify and test any controls over the accuracy and completeness of the exception reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm selected for testing controls over certain revenue and related accounts receivable that consisted of (1) the issuer's performance of consistency checks between its systems that track the delivery of services and other systems where sales orders are manually entered as received and (2) management's review of the exception reports produced from these checks that reflect anomalies in the data between the various systems. The firm did not identify and test any controls over the accuracy and completeness of the exception reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 39 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm did not identify and test any controls over the occurrence of certain revenue. (AS 2201.39) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The firm did not perform any substantive procedures to test the occurrence of certain revenue. AS 2301.08) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 2301 16 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 2301 18 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 2301 37 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 2315 19 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 2315 23 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable Fraud Risk 4 AS 2315 23A The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 16 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 18 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 37 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 19 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23 The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1756 Deloitte & Associes 2023 France Deloitte Touche Tohmatsu Limited 2024-09-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23A The issuer recognized revenue from multiple revenue streams. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed in the first bullet above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 2743 PricewaterhouseCoopers Japan LLC 2023 Japan PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 For certain revenue the customer purchase order information is transferred from customers to the issuer's enterprise resource planning system (ERPS) through a service organization. For certain other revenue customer purchase order and shipment information are aggregated by other service organizations and transferred to the issuer's ERPS. The following deficiency was identified: · The firm selected for testing certain controls over revenue that consisted of the issuer's (1) review of certain information transmitted from one of the service organizations to its ERPS and (2) reconciliation of information transmitted from another service organization to its ERPS. The firm did not identify and test any controls over the accuracy and/or completeness of certain information used in the operation of these controls. (AS 2201.39) Triennially Inspected 2743 PricewaterhouseCoopers Japan LLC 2023 Japan PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 For certain revenue the customer purchase order information is transferred from customers to the issuer's enterprise resource planning system (ERPS) through a service organization. For certain other revenue customer purchase order and shipment information are aggregated by other service organizations and transferred to the issuer's ERPS. The following deficiency was identified: · The firm did not perform any procedures to test the accuracy and completeness of certain information provided by the service organizations used in its substantive testing of revenue. (AS 2301.08) Triennially Inspected 2743 PricewaterhouseCoopers Japan LLC 2023 Japan PricewaterhouseCoopers International Limited 2024-09-12T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 39 The firm selected for testing certain controls over inventory that consisted of the issuer's (1) review of order shipment status (2) review of inventory quantities between the issuer's ERPS and various other systems (3) performance of physical inventory counts and (4) review and approval of inventory adjustments unrelated to the physical inventory counts. The firm did not identify and test any controls over the completeness and/or accuracy of certain data used in the operation of these controls. (AS 2201.39) Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 1 AS 1105 4 The issuer recognized certain revenue and computed the related deferred revenue using an assumption that it developed from data obtained from external sources. The firm performed certain procedures to test this external data. The firm also performed a test of details on a sample of revenue transactions to test the occurrence of this revenue. The following deficiency was identified: · The firm did not perform sufficient procedures to test the relevance and reliability of the external data because it limited its procedures to (1) confirming the data with two of the external sources and (2) verifying that certain information was appropriately captured by certain of the external sources. (AS 1105.04 and.06) In connection with our review the firm determined that it would be unable to perform additional procedures to obtain sufficient appropriate audit evidence regarding the relevance and reliability of the external data and withdrew its report on the issuer's financial statements. Shortly after the firm withdrew its report the issuer withdrew its registration statement on Form F-1. Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 1 AS 1105 6 The issuer recognized certain revenue and computed the related deferred revenue using an assumption that it developed from data obtained from external sources. The firm performed certain procedures to test this external data. The firm also performed a test of details on a sample of revenue transactions to test the occurrence of this revenue. The following deficiency was identified: · The firm did not perform sufficient procedures to test the relevance and reliability of the external data because it limited its procedures to (1) confirming the data with two of the external sources and (2) verifying that certain information was appropriately captured by certain of the external sources. (AS 1105.04 and.06) In connection with our review the firm determined that it would be unable to perform additional procedures to obtain sufficient appropriate audit evidence regarding the relevance and reliability of the external data and withdrew its report on the issuer's financial statements. Shortly after the firm withdrew its report the issuer withdrew its registration statement on Form F-1. Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 4 The issuer recognized certain revenue and computed the related deferred revenue using an assumption that it developed from data obtained from external sources. The firm performed certain procedures to test this external data. The firm also performed a test of details on a sample of revenue transactions to test the occurrence of this revenue. The following deficiency was identified: · The firm did not perform sufficient procedures to test the relevance and reliability of the external data because it limited its procedures to (1) confirming the data with two of the external sources and (2) verifying that certain information was appropriately captured by certain of the external sources. (AS 1105.04 and.06) In connection with our review the firm determined that it would be unable to perform additional procedures to obtain sufficient appropriate audit evidence regarding the relevance and reliability of the external data and withdrew its report on the issuer's financial statements. Shortly after the firm withdrew its report the issuer withdrew its registration statement on Form F-1. Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 6 The issuer recognized certain revenue and computed the related deferred revenue using an assumption that it developed from data obtained from external sources. The firm performed certain procedures to test this external data. The firm also performed a test of details on a sample of revenue transactions to test the occurrence of this revenue. The following deficiency was identified: · The firm did not perform sufficient procedures to test the relevance and reliability of the external data because it limited its procedures to (1) confirming the data with two of the external sources and (2) verifying that certain information was appropriately captured by certain of the external sources. (AS 1105.04 and.06) In connection with our review the firm determined that it would be unable to perform additional procedures to obtain sufficient appropriate audit evidence regarding the relevance and reliability of the external data and withdrew its report on the issuer's financial statements. Shortly after the firm withdrew its report the issuer withdrew its registration statement on Form F-1. Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 2 AS 2301 8 The issuer recognized certain revenue and computed the related deferred revenue using an assumption that it developed from data obtained from external sources. The firm performed certain procedures to test this external data. The firm also performed a test of details on a sample of revenue transactions to test the occurrence of this revenue. The following deficiency was identified: · The firm did not perform any procedures to test certain revenue transactions selected for testing. (AS 2301.08) In connection with our review the firm determined that it would be unable to perform additional procedures to obtain sufficient appropriate audit evidence regarding the relevance and reliability of the external data and withdrew its report on the issuer's financial statements. Shortly after the firm withdrew its report the issuer withdrew its registration statement on Form F-1. Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized certain revenue and computed the related deferred revenue using an assumption that it developed from data obtained from external sources. The firm performed certain procedures to test this external data. The firm also performed a test of details on a sample of revenue transactions to test the occurrence of this revenue. The following deficiency was identified: · The firm did not perform any procedures to test certain revenue transactions selected for testing. (AS 2301.08) In connection with our review the firm determined that it would be unable to perform additional procedures to obtain sufficient appropriate audit evidence regarding the relevance and reliability of the external data and withdrew its report on the issuer's financial statements. Shortly after the firm withdrew its report the issuer withdrew its registration statement on Form F-1. Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2310 31 To test the existence of accounts receivable the firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable as of either an interim date or year-end. To extend its conclusions from the interim date to year-end the firm tested the respective customer's year-end account balances by agreeing subsequent cash collections from those customers to the issuer's bank statements. The following deficiency was identified: · For positive confirmation requests for which the firm did not receive a response the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the receivables were accurate as of the confirmation date. (AS 2310.31) Triennially Inspected 3080 Ernst & Young Vietnam Limited 2023 Vietnam Ernst & Young Global Limited 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2301 45 To test the existence of accounts receivable the firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable as of either an interim date or year-end. To extend its conclusions from the interim date to year-end the firm tested the respective customer's year-end account balances by agreeing subsequent cash collections from those customers to the issuer's bank statements. The following deficiency was identified: · The firm did not perform sufficient procedures to extend its conclusions from the interim date to year-end because it did not perform any procedures to (1) evaluate whether the subsequent cash collections tested related to the customers' year-end account balances and (2) test any uncollected portion of the customers' year-end account balances. (AS 2301.45) Triennially Inspected 3707 R&A CPAs PLLC 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 1105 4 The firm did not perform any procedures to evaluate the reliability of certain external data it used to test the fair value of certain investments. (AS 1105.04 and .06) Triennially Inspected 3707 R&A CPAs PLLC 2024 United States 2024-09-12T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 1105 6 The firm did not perform any procedures to evaluate the reliability of certain external data it used to test the fair value of certain investments. (AS 1105.04 and .06) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08 and .13) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08 and .13) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt Significant Risk 2 AS 1105 27 To test certain debt the firm selected transactions exceeding a monetary threshold. The firm did not perform procedures to test the remaining population of transactions. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt Significant Risk 2 AS 2301 11 To test certain debt the firm selected transactions exceeding a monetary threshold. The firm did not perform procedures to test the remaining population of transactions. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt Significant Risk 2 AS 2301 8 To test certain debt the firm selected transactions exceeding a monetary threshold. The firm did not perform procedures to test the remaining population of transactions. (AS 1105.27; AS 2301.08 and .11) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Debt Significant Risk 3 AS 1105 10 The firm did not perform procedures to test or identify and test any controls over the accuracy of certain issuer-produced data it used in its substantive procedures. (AS 1105.10) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 4 AS 1105 A10 The issuer engaged a specialist to determine the fair value of its derivative liabilities. The firm did not perform substantive procedures to test the fair value of the derivative liabilities beyond obtaining and reading the valuation report prepared by the company's specialist inquiry of the issuer and performing a sensitivity analysis. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.07) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 4 AS 1105 A6 The issuer engaged a specialist to determine the fair value of its derivative liabilities. The firm did not perform substantive procedures to test the fair value of the derivative liabilities beyond obtaining and reading the valuation report prepared by the company's specialist inquiry of the issuer and performing a sensitivity analysis. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.07) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 4 AS 1105 A7 The issuer engaged a specialist to determine the fair value of its derivative liabilities. The firm did not perform substantive procedures to test the fair value of the derivative liabilities beyond obtaining and reading the valuation report prepared by the company's specialist inquiry of the issuer and performing a sensitivity analysis. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.07) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 4 AS 1105 A8 The issuer engaged a specialist to determine the fair value of its derivative liabilities. The firm did not perform substantive procedures to test the fair value of the derivative liabilities beyond obtaining and reading the valuation report prepared by the company's specialist inquiry of the issuer and performing a sensitivity analysis. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.07) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 4 AS 1105 A9 The issuer engaged a specialist to determine the fair value of its derivative liabilities. The firm did not perform substantive procedures to test the fair value of the derivative liabilities beyond obtaining and reading the valuation report prepared by the company's specialist inquiry of the issuer and performing a sensitivity analysis. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.07) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Derivative Liabilities Significant Risk 4 AS 2501 7 The issuer engaged a specialist to determine the fair value of its derivative liabilities. The firm did not perform substantive procedures to test the fair value of the derivative liabilities beyond obtaining and reading the valuation report prepared by the company's specialist inquiry of the issuer and performing a sensitivity analysis. Further the firm did not perform any procedures to evaluate the work of the company's specialist. (AS 1105.A6 -.A10; AS 2501.07) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 2401 61 The firm did not consider the characteristics of potentially fraudulent journal entries when identifying and selecting journal entries for testing. Further the firm did not examine the underlying support for the journal entries selected for testing. (AS 2401.61) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 2501 16 The issuer reported intangible assets at several reporting units and evaluated them for impairment using undiscounted cash flow analyses. The firm's approach to test the issuer's impairment analyses was to test the issuer's process and develop an independent expectation of the undiscounted cash flows for each reporting unit. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of certain significant assumptions used by the issuer to develop its undiscounted cash flows because it limited its procedures to evaluating the consistency of the assumptions with historical experience. (AS 2501.16) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 2501 22 The issuer reported intangible assets at several reporting units and evaluated them for impairment using undiscounted cash flow analyses. The firm's approach to test the issuer's impairment analyses was to test the issuer's process and develop an independent expectation of the undiscounted cash flows for each reporting unit. The following deficiency was identified: · The firm did not perform any procedures to demonstrate it had a reasonable basis for certain assumptions it developed and used to determine its independent expectations. (AS 2501.22) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2501 10 The issuer reported intangible assets at several reporting units and evaluated them for impairment using undiscounted cash flow analyses. The firm's approach to test the issuer's impairment analyses was to test the issuer's process and develop an independent expectation of the undiscounted cash flows for each reporting unit. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the method used by the issuer to develop the impairment analyses was in conformity with FASB ASC Topic 360 Property Plant and Equipment because it did not evaluate whether the carrying values of the reporting unit used by the issuer in its impairment analyses were consistent with the carrying values of the asset group as defined in FASB ASC Topic 360. (AS 2501.10) Triennially Inspected 318 L J Soldinger Associates, LLC 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 61 The firm did not consider the characteristics of potentially fraudulent journal2501 entries when identifying and selecting journal entries for testing. Further the firm did not examine the underlying support for the journal entries selected for testing. (AS 2401.61) Triennially Inspected 1173 Dale Matheson Carr-Hilton LaBonte LLP 2023 Canada 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 1 AS 2501 21 The firm's approach for substantively testing the issuer's impairment analyses for certain long-lived assets was to develop independent expectations. The firm did not sufficiently take into account the requirements of certain elements of the applicable financial framework because it did not take into account certain factors relevant to the estimates in developing its expectations. (AS 2501.21) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The following deficiency was identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain IT system data used in its substantive testing of revenue. (AS 1105.10) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The following deficiency was identified: · The firm did not perform sufficient procedures to test the occurrence of certain revenue because the firm did not perform any procedures to test whether the performance obligations had been met prior to the recognition of the revenue. (AS 2301.08 and .13) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The following deficiency was identified: · The firm did not perform sufficient procedures to test the occurrence of certain revenue because the firm did not perform any procedures to test whether the performance obligations had been met prior to the recognition of the revenue. (AS 2301.08 and .13) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the issuer recognized certain revenue in conformity with IFRS 15 Revenue from Contracts with Customers because the firm limited its procedures to revenue recognized from a single customer and did not perform any procedures to evaluate the issuer's recognition of revenue from the remaining customers. (AS 2301.08 and .13) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate whether the issuer recognized certain revenue in conformity with IFRS 15 Revenue from Contracts with Customers because the firm limited its procedures to revenue recognized from a single customer and did not perform any procedures to evaluate the issuer's recognition of revenue from the remaining customers. (AS 2301.08 and .13) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The following deficiency was identified: · The firm did not perform any procedures to evaluate the sufficiency of the issuer's disclosures regarding certain of its revenue recognition policies. (AS 2301.08 and .13) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The following deficiency was identified: · The firm did not perform any procedures to evaluate the sufficiency of the issuer's disclosures regarding certain of its revenue recognition policies. (AS 2301.08 and .13) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash 5 AS 2310 26 To test cash the firm's substantive procedures included confirmation procedures in which confirmation requests were sent electronically to email addresses provided by the issuer. The following deficiency was identified: · The firm did not perform procedures to determine whether the confirmation requests were directed to third parties who were knowledgeable about the information to be confirmed. (AS 2310.26) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Cash 6 AS 2310 29 To test cash the firm's substantive procedures included confirmation procedures in which confirmation requests were sent electronically to email addresses provided by the issuer. The following deficiency was identified: · The firm received electronic responses to four of the five confirmation requests. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source of the confirmation responses. (AS 2310.29) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of a billing workbook to ensure that the calculations and billing details were accurate. The firm did not identify and test any controls over the accuracy and completeness of a system-generated report and the accuracy of certain other data used in the operation of this control. (AS 2201.39) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of a billing workbook to ensure that the calculations and billing details were accurate. The firm did not evaluate the specific review procedures that the control owner performed to identify billing changes for review. (AS 2201.42 and .44) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm selected for testing a control that consisted of management's review of a billing workbook to ensure that the calculations and billing details were accurate. The firm did not evaluate the specific review procedures that the control owner performed to identify billing changes for review. (AS 2201.42 and .44) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 42 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm selected for testing another control that consisted of management's review of the revenue fluctuations and related explanations in the billing workbook. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the accuracy and completeness of the revenue data used in the operation of this control. (AS 2201.42 and .44) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 44 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm selected for testing another control that consisted of management's review of the revenue fluctuations and related explanations in the billing workbook. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of the revenue fluctuations and determine whether the explanations for the fluctuations supported the accuracy of the revenue calculations (AS 2201.44). Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 44 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm selected for testing another control that consisted of management's review of the revenue fluctuations and related explanations in the billing workbook. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the accuracy and completeness of the revenue data used in the operation of this control. (AS 2201.42 and .44) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2310 28 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm's approach for testing revenue included sending confirmation requests to a sample of the issuer's customers. The issuer electronically sent the confirmation requests to the customers on behalf of the firm and the firm received the responses to the confirmation requests electronically. The firm did not maintain control over the confirmation requests through direct communication with the intended recipients of the confirmation requests. (AS 2310.28) Triennially Inspected 1185 Ziv Haft Certified Public Accountants (Isr.) 2022 Israel BDO International Limited 2024-08-22T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2310 29 The issuer used certain IT systems to process and record transactions related to revenue. The following deficiency was identified: · The firm's approach for testing revenue included sending confirmation requests to a sample of the issuer's customers. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 1 AS 2201 39 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not identify and test any controls over the completeness of the assets included in the issuer's components and CGUs. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 10 AS 2201 39 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a straight-line basis at in-scope components the following deficiency was identified: · The firm did not identify and test any controls over the reasonableness of significant assumptions the issuer used to determine the useful lives of certain PP&E. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 11 AS 2501 16 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a straight-line basis at in-scope components the following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of significant assumptions the issuer used to determine the useful lives of certain PP&E. (AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 12 AS 2201 39 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not identify and test any controls over the (1) accuracy and completeness of the data produced by the issuer (2) relevance and reliability of information obtained from external sources (3) reasonableness of certain assumptions and (4) appropriateness of the methods used by the company's specialists to develop their assumptions. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A1 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A10 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A2 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A3 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A4 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A5 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A6 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A7 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A8 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 1105 A9 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 13 AS 2501 7 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 14 AS 1105 10 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. For depreciation expense computed on a units of production basis at in-scope components the following deficiency was identified: · The firm did not perform procedures to test depreciation expense computed using the units of production method beyond obtaining and reading the reports prepared by the company's specialists. The firm did not perform procedures to test or (as discussed above) test any controls over the accuracy and completeness of the data produced by the issuer that was used to compute this depreciation expense. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 15 AS 2201 39 For certain accruals and other liabilities the following deficiency was identified: · The firm did not identify and test any controls over the completeness or valuation of certain accruals and other liabilities. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 16 AS 2501 7 For certain accruals and other liabilities the following deficiency was identified: · The firm did not perform any substantive procedures to test the valuation of certain other liabilities. (AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 17 AS 2201 42 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm selected for testing two controls that consisted of the issuer's (1) review of this other liability and (2) comparison of the recorded liability to the reports prepared by the company's specialists. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 17 AS 2201 44 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm selected for testing two controls that consisted of the issuer's (1) review of this other liability and (2) comparison of the recorded liability to the reports prepared by the company's specialists. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 17 AS 2301 8 For certain accruals and other liabilities the following deficiency was identified: · The firm did not perform sufficient substantive procedures to test the completeness and valuation of certain accrued liabilities because its procedures were limited to reviewing a sample of vendor invoices paid subsequent to year end. (AS 2301.08; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 17 AS 2501 7 For certain accruals and other liabilities the following deficiency was identified: · The firm did not perform sufficient substantive procedures to test the completeness and valuation of certain accrued liabilities because its procedures were limited to reviewing a sample of vendor invoices paid subsequent to year end. (AS 2301.08; AS 2501.07) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 18 AS 2201 39 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not identify and test any controls over the (1) data produced by the issuer (2) relevance and reliability of information obtained from external sources (3) reasonableness of certain assumptions used by the company's specialists to prepare their reports that were used to estimate the other liability and (4) appropriateness of the methods used by the company's specialists. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A1 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A10 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A2 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A3 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A4 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A5 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A6 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A7 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A8 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Accruals and Other Liabilities 19 AS 1105 A9 For a certain other liability the issuer engaged external specialists to prepare reports that were used by the issuer to estimate this liability. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to prepare their reports. The following deficiency was identified: · The firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 2 AS 2201 39 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not identify and test any controls over the (1) accuracy and completeness of the data produced by the issuer (2) relevance and reliability of information obtained from external sources (3) reasonableness of certain significant assumptions and (4) appropriateness of the methods used by the company's specialists to develop their assumptions. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 3 AS 2201 42 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm selected for testing a control that included the issuer's review of its components and CGUs for indicators of potential impairment including a review of the composition of the components and CGUs. The firm did not evaluate the specific review procedures that the control owner performed to assess (1) whether the occurrence of certain events represented indicators of potential impairment and (2) the composition of the components and CGUs to determine whether they represented the smallest identifiable group of assets that generated independent cash inflows. (AS 2201.42 and .44) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 3 AS 2201 44 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm selected for testing a control that included the issuer's review of its components and CGUs for indicators of potential impairment including a review of the composition of the components and CGUs. The firm did not evaluate the specific review procedures that the control owner performed to assess (1) whether the occurrence of certain events represented indicators of potential impairment and (2) the composition of the components and CGUs to determine whether they represented the smallest identifiable group of assets that generated independent cash inflows. (AS 2201.42 and .44) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 4 AS 2501 10 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not sufficiently evaluate whether the method the issuer used to perform its impairment analyses was in conformity with the applicable financial reporting framework including the requirements of International Accounting Standard 36 Impairment of Assets because the firm did not evaluate whether the issuer's components and CGUs represented the smallest identifiable group of assets that generated independent cash inflows. (AS 2501.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 5 AS 2301 8 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not evaluate whether certain events that occurred during the year were identified and evaluated by the issuer as indicators of potential impairment. (AS 2301.08) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 6 AS 2501 16 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed (and used) by the issuer to estimate the VIU of one CGU because it limited its procedures to comparing the assumption to historical results and did not evaluate significant differences between the assumption and historical results. (AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 7 AS 2501 16 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed (and used) by the issuer to estimate the VIU of another CGU because it did not take into account beyond inquiry of management the issuer's ability to carry out its intended courses of action. (AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A1 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A10 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A2 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A3 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A4 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A5 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A6 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A7 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A8 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 1105 A9 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Property, Plant, and Equipment Significant Risk 8 AS 2501 16 The firm's approach for substantively testing the impairment of PP&E was to test the issuer's process. The issuer engaged external specialists to develop certain assumptions that were used by the issuer to estimate the value-in-use (VIU) of cash generating units (CGUs) with impairment indicators. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop their assumptions. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of an assumption developed by the company's specialists and used by the issuer to estimate the VIUs of certain other CGUs beyond obtaining and reading the reports prepared by the company's specialists. Further the firm did not perform any procedures with respect to its use of the work of the company's specialists as audit evidence. (AS 1105.A1 - .A10; AS 2501.16) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 9 AS 2101 11 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. The firm excluded depreciation expense from the scope of its financial statement and ICFR audits for certain of the issuer's components but did not evaluate whether (1) specific risks of material misstatement existed at these components and (2) the risks of material misstatement the firm identified for the components subject to audit procedures also applied to these components such that in combination these risks presented a reasonable possibility of material misstatement. (AS 2101.11 and .12; AS 2201.610) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 9 AS 2101 12 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. The firm excluded depreciation expense from the scope of its financial statement and ICFR audits for certain of the issuer's components but did not evaluate whether (1) specific risks of material misstatement existed at these components and (2) the risks of material misstatement the firm identified for the components subject to audit procedures also applied to these components such that in combination these risks presented a reasonable possibility of material misstatement. (AS 2101.11 and .12; AS 2201.610) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Depreciation Expense 9 AS 2201 B10 The issuer depreciated PP&E using either a straight-line method based on the estimated useful lives of the assets or a units of production method using certain assumptions developed by company-employed and externally engaged specialists to estimate the expected use or output of the PP&E. The company's specialists used financial and non-financial data produced by the issuer assumptions developed by the issuer and information from external sources to develop the assumptions. The firm excluded depreciation expense from the scope of its financial statement and ICFR audits for certain of the issuer's components but did not evaluate whether (1) specific risks of material misstatement existed at these components and (2) the risks of material misstatement the firm identified for the components subject to audit procedures also applied to these components such that in combination these risks presented a reasonable possibility of material misstatement. (AS 2101.11 and .12; AS 2201.B10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The firm selected for testing certain automated controls over this revenue and deferred revenue that consisted of the configuration of the IT systems to automatically perform certain functions based on pre-established parameters and the firm used a 'test of one' approach to test these controls. The firm's testing of these automated controls using a sample of only one instance of each processing alternative was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The firm selected for testing certain automated controls over this revenue and deferred revenue that consisted of the configuration of the IT systems to automatically perform certain functions based on pre-established parameters and the firm used a 'test of one' approach to test these controls. The firm's testing of these automated controls using a sample of only one instance of each processing alternative was not sufficient because the firm did not test the configuration or programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · As a result of the deficiencies in the firm's testing of the automated controls described above the firm's testing of certain IT-dependent manual controls was not sufficient because those manual controls relied on the effectiveness of these automated controls. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · As a result of the deficiencies in the firm's testing of the automated controls described above the firm's testing of certain IT-dependent manual controls was not sufficient because those manual controls relied on the effectiveness of these automated controls. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2301 16 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2301 18 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2301 37 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2315 19 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2315 23 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 2315 23A The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue and deferred revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 8 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The firm did not perform procedures to evaluate the appropriateness of the method used by the issuer to recognize certain revenue. (AS 2301.08) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to certain revenue and deferred revenue. The following deficiency was identified: · The firm did not perform procedures to evaluate the appropriateness of the method used by the issuer to recognize certain revenue. (AS 2301.08) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 5 AS 2201 42 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiency was identified: · The firm selected for testing controls that consisted of management's review of the (1) validity and enforceability of new contractual arrangements with VIEs and their shareholders and (2) legal opinion prepared by the company's specialist which described uncertainties regarding the interpretation and application of current laws regulations and rules related to the structure of the VIEs. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the effect of the uncertainties described in the legal opinion prepared by the company's specialist on the issuer's ability to consolidate the VIEs. (AS 2201.42 and .44) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 5 AS 2201 44 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiency was identified: · The firm selected for testing controls that consisted of management's review of the (1) validity and enforceability of new contractual arrangements with VIEs and their shareholders and (2) legal opinion prepared by the company's specialist which described uncertainties regarding the interpretation and application of current laws regulations and rules related to the structure of the VIEs. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the effect of the uncertainties described in the legal opinion prepared by the company's specialist on the issuer's ability to consolidate the VIEs. (AS 2201.42 and .44) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 6 AS 1105 A10 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiency was identified: · The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not (1) evaluate the nature of the uncertainties described in the legal opinion prepared by the company's specialist and (2) perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Variable Interest Entities 6 AS 1105 A9 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The following deficiency was identified: · The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not (1) evaluate the nature of the uncertainties described in the legal opinion prepared by the company's specialist and (2) perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Related Party Transactions 7 AS 1105 10 The firm selected for testing a control that included the issuer's review and approval of the pricing used in related party transactions. The firm did not perform procedures to test or test any controls over the completeness of a system-generated report from which it made its selections to test this control. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the following deficiency in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 2 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. The firm selected for testing various change management controls over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The issuer used certain other IT systems in the performance of these change management controls ('change management systems') and the firm made its selections for testing the change management controls from reports that were generated from the change management systems subsequent to year end. The firm did not perform sufficient procedures to test the completeness of the system-generated reports from which it made its selections for testing because the firm's use of the change management systems as the source of the population of changes relied on the automated functionality of those systems and the firm did not evaluate whether changes were made to the change management systems during the period from year end to the date of testing. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. The firm selected for testing various change management controls over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The issuer used certain other IT systems in the performance of these change management controls ('change management systems') and the firm made its selections for testing the change management controls from reports that were generated from the change management systems subsequent to year end. The firm did not perform sufficient procedures to test the completeness of the system-generated reports from which it made its selections for testing because the firm's use of the change management systems as the source of the population of changes relied on the automated functionality of those systems and the firm did not evaluate whether changes were made to the change management systems during the period from year end to the date of testing. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 2 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. The firm selected for testing various change management controls over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The issuer used certain other IT systems in the performance of these change management controls ('change management systems') and the firm made its selections for testing the change management controls from reports that were generated from the change management systems subsequent to year end. The firm did not perform sufficient procedures to test the completeness of the system-generated reports from which it made its selections for testing because the firm's use of the change management systems as the source of the population of changes relied on the automated functionality of those systems and the firm did not evaluate whether changes were made to the change management systems during the period from year end to the date of testing. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. The firm selected for testing various change management controls over certain IT systems that consisted of the documentation review testing and approval of changes prior to their migration into production. The issuer used certain other IT systems in the performance of these change management controls ('change management systems') and the firm made its selections for testing the change management controls from reports that were generated from the change management systems subsequent to year end. The firm did not perform sufficient procedures to test the completeness of the system-generated reports from which it made its selections for testing because the firm's use of the change management systems as the source of the population of changes relied on the automated functionality of those systems and the firm did not evaluate whether changes were made to the change management systems during the period from year end to the date of testing. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 3 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test revenue receivables deferred revenue and inventory but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test revenue receivables deferred revenue and inventory but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 3 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test revenue receivables deferred revenue and inventory but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The firm used certain system-generated data to substantively test revenue receivables deferred revenue and inventory but did not test or (as discussed above) sufficiently test controls over the accuracy and completeness of this data. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 16 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 18 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2301 37 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2315 19 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2315 23 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue 4 AS 2315 23A The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 16 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 18 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 37 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 19 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23A The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 4 AS 2301 16 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 4 AS 2301 18 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 4 AS 2301 37 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 4 AS 2315 19 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 4 AS 2315 23 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Receivables Fraud Risk 4 AS 2315 23A The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 16 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 18 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 37 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 19 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23 The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23A The issuer used multiple IT systems to initiate process and/or record transactions related to certain revenue receivables deferred revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by certain of these IT systems. As a result of the firm's ITGC testing deficiencies the firm did not perform sufficient substantive procedures as follows: · The sample size the firm used in certain of its substantive procedures to test revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 5 AS 2401 61 The firm identified fraud criteria for journal entries and obtained system-generated reports from which it made its selections for testing. The system-generated reports provided by the issuer omitted key information necessary for the firm to make its selections based on certain of the identified fraud criteria. The firm did not perform procedures to evaluate the impact of the omitted information on its ability to identify and select journal entries for testing that met certain of the identified fraud criteria. (AS 2401.61) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The firm selected for testing certain automated controls that consisted of the configuration of various IT systems to automatically process and record certain revenue. The firm did not identify and test any controls over the accuracy of the order information included in the source systems that were used in the operation of these controls. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy of the order information used to calculate and record certain other revenue. (AS 2201.39). Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The firm did not perform procedures to test or (as discussed above) sufficiently test controls over the accuracy of the order information used in its substantive testing of certain revenue. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The firm did not perform sufficient substantive procedures to test the allocation of certain other revenue because it did not perform any procedures to test the accuracy of the order information used to calculate and record the revenue. (AS 2301.08) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 16 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 18 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 37 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 19 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23 The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2315 23A The issuer used multiple IT systems to calculate and record certain revenue based on the related order information. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to certain of the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The firm selected for testing certain automated controls over inventory that consisted of the configuration of the IT systems to automatically process and record inventory-related transactions and the firm used a 'test of one' approach to test these controls. The firm's testing of these automated controls using a sample of only one instance of the controls' operation was not sufficient because the firm did not test the programming of these controls or perform other procedures that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.46) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The firm selected for testing certain manual controls over inventory that consisted of the issuer's (1) approval of purchase orders and (2) review and confirmation of vendor balances. The firm did not identify and test any controls over the completeness of certain system-generated reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 16 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 18 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 37 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 19 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 23 The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2315 23A The issuer used multiple IT systems to initiate process and record transactions related to inventory. The following deficiency was identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A F Yes ICFR audit only Audits with multiple deficiencies Accruals and Other Liabilities 1 AS 1105 10 The principal auditor instructed the firm to test the design and operating effectiveness of certain controls related to accruals and other liabilities. The following deficiency was identified: · The firm was instructed to use the work of the issuer's internal auditors as evidence regarding the operating effectiveness of a control that consisted of the issuer's review and approval of purchase orders. The firm did not identify that the internal auditors had not sufficiently tested the completeness of the system-generated reports from which they made their selections to test this control and the firm did not perform procedures to test or test any controls over the completeness of those reports. (AS 1105.10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A F Yes ICFR audit only Audits with multiple deficiencies Accruals and Other Liabilities 2 AS 2201 39 The principal auditor instructed the firm to test the design and operating effectiveness of certain controls related to accruals and other liabilities. The following deficiency was identified: · The firm was instructed to independently test another control that consisted of the issuer's review and approval of journal entries for the accrual of open purchase orders. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Variable Interest Entities 1 AS 1105 A10 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not (1) evaluate the nature of uncertainties described in the legal opinion prepared by the company's specialist and (2) perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 1424 PricewaterhouseCoopers Zhong Tian LLP 2023 China PricewaterhouseCoopers International Limited 2024-08-22T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Variable Interest Entities 1 AS 1105 A9 The issuer derives revenue through consolidated VIEs and relies on contractual arrangements with the VIEs and their shareholders to control the business operations of the consolidated VIEs. The issuer engaged an external specialist to provide a legal opinion regarding the issuer's consolidated VIEs including the validity and enforceability of contractual arrangements with the VIEs and their shareholders and the firm used the work of the company's specialist as audit evidence. The firm did not sufficiently evaluate the relevance and reliability of the work performed by the company's specialist and whether the specialist's findings support or contradict the issuer's rights and obligations related to the consolidation of the VIEs because it did not (1) evaluate the nature of uncertainties described in the legal opinion prepared by the company's specialist and (2) perform additional procedures to address the risks associated with those uncertainties. (AS 1105.A9 and .A10) Triennially Inspected 3723 FORVIS MAZARS AUDIT S.A.S. BENEFICIO E INTERES COLECTIVO - BIC 2023 Colombia 2024-08-22T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Journal Entries 1 AS 2401 61 The firm was instructed by the principal auditor to select for testing journal entries that met certain specified criteria. The following deficiency was identified: · The firm did not perform procedures to identify journal entries that met one of the criteria. (AS 2401.61) Triennially Inspected 3723 FORVIS MAZARS AUDIT S.A.S. BENEFICIO E INTERES COLECTIVO - BIC 2023 Colombia 2024-08-22T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Journal Entries 2 AS 2401 61 The firm was instructed by the principal auditor to select for testing journal entries that met certain specified criteria. The following deficiency was identified: · The firm did not perform sufficient procedures to identify journal entries that met the remaining criteria because it limited its selection to certain journal entries without having an appropriate rationale. (AS 2401.61) Triennially Inspected 3723 FORVIS MAZARS AUDIT S.A.S. BENEFICIO E INTERES COLECTIVO - BIC 2023 Colombia 2024-08-22T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Journal Entries 3 AS 2401 61 The firm was instructed by the principal auditor to select for testing journal entries that met certain specified criteria. The following deficiency was identified: · The firm did not perform procedures to test the journal entries identified and selected for testing. (AS 2401.61) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm selected a sample of transactions to test certain revenue. For certain of the sampled transactions the firm did not perform procedures to evaluate whether (1) the issuer met its performance obligations before revenue was recognized and (2) the transaction prices used to recognize revenue were appropriate. (AS 2301.08 and .13) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm selected a sample of transactions to test certain revenue. For certain of the sampled transactions the firm did not perform procedures to evaluate whether (1) the issuer met its performance obligations before revenue was recognized and (2) the transaction prices used to recognize revenue were appropriate. (AS 2301.08 and .13) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 1105 27 The issuer held inventory at multiple locations. Inventory counts were performed subsequent to year end for each location. The firm obtained an issuer-prepared inventory roll-back analysis to perform tests of intervening transactions. The following deficiency was identified: · To test the completeness of intervening transactions related to inventory purchases for certain inventory the firm selected inventory purchases from bank statements and certain general ledger accounts that exceeded certain monetary thresholds. The firm did not perform any procedures to address the risk related to the completeness of inventory purchases below those thresholds. (AS 1105.27; AS 2510.12) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 2510 12 The issuer held inventory at multiple locations. Inventory counts were performed subsequent to year end for each location. The firm obtained an issuer-prepared inventory roll-back analysis to perform tests of intervening transactions. The following deficiency was identified: · To test the completeness of intervening transactions related to inventory purchases for certain inventory the firm selected inventory purchases from bank statements and certain general ledger accounts that exceeded certain monetary thresholds. The firm did not perform any procedures to address the risk related to the completeness of inventory purchases below those thresholds. (AS 1105.27; AS 2510.12) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2501 12 The issuer held inventory at multiple locations. Inventory counts were performed subsequent to year end for each location. The firm obtained an issuer-prepared inventory roll-back analysis to perform tests of intervening transactions. The following deficiency was identified: · The firm did not perform any procedures to test the completeness of intervening transactions related to sales of that inventory. (AS 2501.12) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 2510 12 The issuer held inventory at multiple locations. Inventory counts were performed subsequent to year end for each location. The firm obtained an issuer-prepared inventory roll-back analysis to perform tests of intervening transactions. The following deficiency was identified: · For certain of the above inventory the firm did not perform any procedures to test the completeness of the intervening transactions unrelated to purchases or sales. (AS 2510.12) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The issuer used an information technology (IT) system to process certain revenue transactions. The firm's approach to testing revenue included reliance on certain IT change management controls over certain issuer-produced information used in the firm's substantive procedures. The firm did not perform procedures to test the completeness of the information that the firm used to test these IT change management controls. (AS 1105.10) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2305 16 The issuer used an information technology (IT) system to process certain revenue transactions. The firm's approach to testing revenue included reliance on certain IT change management controls over certain issuer-produced information used in the firm's substantive procedures. The issuer recognized several types of revenue. To test one type of revenue the firm performed a substantive analytical procedure using sales data produced by the issuer's system. The firm did not perform procedures to test or test any controls over the accuracy and completeness of that data. (AS 2305.16) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 The issuer used an information technology (IT) system to process certain revenue transactions. The firm's approach to testing revenue included reliance on certain IT change management controls over certain issuer-produced information used in the firm's substantive procedures. The firm selected a sample of transactions to test another type of revenue. The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain issuer-prepared sales data that was used in testing the selected transactions. (AS 1105.10) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure related to revenue. (AS 2810.30 and .31) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure related to revenue. (AS 2810.30 and .31) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Common Shares Significant Risk 1 AS 2301 11 The issuer issued shares as part of a stock offering that included contingent rights. The firm did not evaluate whether the contingent rights were appropriately accounted for in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2301.08 and .11) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A D No Financial statement audit only Audits with a single deficiency Common Shares Significant Risk 1 AS 2301 8 The issuer issued shares as part of a stock offering that included contingent rights. The firm did not evaluate whether the contingent rights were appropriately accounted for in conformity with FASB ASC Topic 815 Derivatives and Hedging. (AS 2301.08 and .11) Triennially Inspected 5395 Marcum Asia CPAs LLP 2023 United States 2024-08-22T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2410 17 The firm did not perform procedures to evaluate whether the issuer met its performance obligations before certain revenue from related parties was recognized. (AS 2410.17) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 44 The issuer used an information technology (IT) system to initiate process and/or record transactions related to revenue and related accounts and long-lived assets. In its testing of controls over revenue and related accounts as well as long-lived assets the firm tested various IT-dependent controls that used data and reports generated or maintained by this IT system. The firm selected for testing a change management control over this IT system that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. The firm did not perform procedures to test the operating effectiveness of this control beyond inquiries of management and obtaining a list of all changes that occurred during the year. (AS 2201.44) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2201 44 The issuer used an information technology (IT) system to initiate process and/or record transactions related to revenue and related accounts and long-lived assets. In its testing of controls over revenue and related accounts as well as long-lived assets the firm tested various IT-dependent controls that used data and reports generated or maintained by this IT system. The firm selected for testing a change management control over this IT system that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. The firm did not perform procedures to test the operating effectiveness of this control beyond inquiries of management and obtaining a list of all changes that occurred during the year. (AS 2201.44) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 10 AS 1105 27 To substantively test long-lived assets the firm selected additions to and disposals of long-lived assets that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining population of additions and disposals. (AS 1105.27; AS 2301.08) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 10 AS 2301 8 To substantively test long-lived assets the firm selected additions to and disposals of long-lived assets that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining population of additions and disposals. (AS 1105.27; AS 2301.08) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 11 AS 1105 10 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient substantive procedures to test long-lived assets because it did not test or sufficiently test controls over the accuracy and completeness of certain system-generated data that it used to substantively test these account balances. (AS 1105.10) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 46 The issuer used an information technology (IT) system to initiate process and/or record transactions related to revenue and related accounts and long-lived assets. In its testing of controls over revenue and related accounts as well as long-lived assets the firm tested various IT-dependent controls that used data and reports generated or maintained by this IT system. The firm selected for testing a change management control over this IT system that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. As a result of this deficiency in the firm's testing of an IT general control (ITGC) the firm's testing of these IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2201 46 The issuer used an information technology (IT) system to initiate process and/or record transactions related to revenue and related accounts and long-lived assets. In its testing of controls over revenue and related accounts as well as long-lived assets the firm tested various IT-dependent controls that used data and reports generated or maintained by this IT system. The firm selected for testing a change management control over this IT system that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. As a result of this deficiency in the firm's testing of an IT general control (ITGC) the firm's testing of these IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2201 42 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm selected for testing a control related to a revenue reconciliation. The firm did not perform procedures beyond inquiry to evaluate whether this control could effectively prevent or detect material misstatements. (AS 2201.42 and .44) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2201 44 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm selected for testing a control related to a revenue reconciliation. The firm did not perform procedures beyond inquiry to evaluate whether this control could effectively prevent or detect material misstatements. (AS 2201.42 and .44) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2201 42 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over revenue and related accounts. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. Further the issuer's internal audit tested certain of these controls through an interim date but the firm did not perform any procedures to update the results of the testing from that interim date to year end. (AS 2201.42 .44 and .55) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2201 44 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over revenue and related accounts. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. Further the issuer's internal audit tested certain of these controls through an interim date but the firm did not perform any procedures to update the results of the testing from that interim date to year end. (AS 2201.42 .44 and .55) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2201 55 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over revenue and related accounts. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. Further the issuer's internal audit tested certain of these controls through an interim date but the firm did not perform any procedures to update the results of the testing from that interim date to year end. (AS 2201.42 .44 and .55) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2201 19 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over revenue and related accounts. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. The firm's use of the work of internal audit did not provide sufficient appropriate audit evidence that controls related to estimating costs to complete were operating as designed given the significant amount of subjectivity and judgment involved in these controls. (AS 2201.19; AS 2605.20 and .21) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2605 20 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over revenue and related accounts. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. The firm's use of the work of internal audit did not provide sufficient appropriate audit evidence that controls related to estimating costs to complete were operating as designed given the significant amount of subjectivity and judgment involved in these controls. (AS 2201.19; AS 2605.20 and .21) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2605 21 For revenue and related accounts the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over revenue and related accounts. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. The firm's use of the work of internal audit did not provide sufficient appropriate audit evidence that controls related to estimating costs to complete were operating as designed given the significant amount of subjectivity and judgment involved in these controls. (AS 2201.19; AS 2605.20 and .21) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 1105 10 The firm performed tests of details over a sample of revenue and related accounts transactions. The firm did not perform procedures to test or test any controls over the completeness of certain system-generated reports from which it made its selections for testing. (AS 1105.10) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 1105 10 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient substantive procedures to test revenue and related accounts because it did not test or sufficiently test controls over the accuracy and completeness of certain system-generated data that it used to substantively test these account balances. (AS 1105.10) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 8 AS 2201 42 For long-lived assets the following additional deficiency related to the firm's testing of controls were identified: The firm selected for testing a control related to performing an impairment analysis on land. The firm did not perform procedures beyond inquiry to evaluate whether this control could effectively prevent or detect material misstatements. (AS 2201.42 and .44) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 8 AS 2201 44 For long-lived assets the following additional deficiency related to the firm's testing of controls were identified: The firm selected for testing a control related to performing an impairment analysis on land. The firm did not perform procedures beyond inquiry to evaluate whether this control could effectively prevent or detect material misstatements. (AS 2201.42 and .44) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 9 AS 2201 42 For long-lived assets the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over long-lived assets. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. Further the issuer's internal audit tested these controls through an interim date but the firm did not perform any procedures to update the results of that testing from that interim date to year end. (AS 2201.42 .44 and .55) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 9 AS 2201 44 For long-lived assets the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over long-lived assets. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. Further the issuer's internal audit tested these controls through an interim date but the firm did not perform any procedures to update the results of that testing from that interim date to year end. (AS 2201.42 .44 and .55) Triennially Inspected 6784 BKR - LOPES, MACHADO AUDITORES 2023 Brazil 2024-08-22T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 9 AS 2201 55 For long-lived assets the following additional deficiency related to the firm's testing of controls were identified: the firm used the work of the issuer's internal audit as evidence of the operating effectiveness of certain controls selected for testing over long-lived assets. The firm or the issuer's internal audit did not perform procedures beyond inquiry to evaluate whether these controls could effectively prevent or detect material misstatements. Further the issuer's internal audit tested these controls through an interim date but the firm did not perform any procedures to update the results of that testing from that interim date to year end. (AS 2201.42 .44 and .55) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transaction Significant Risk 1 AS 2201 42 The firm selected for testing a control that consisted of management's review of the accounting for a significant transaction. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of an estimate related to the significant transaction. (AS 2201.42 and .44) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transaction Significant Risk 1 AS 2201 44 The firm selected for testing a control that consisted of management's review of the accounting for a significant transaction. The firm did not evaluate the specific review procedures that the control owner performed to evaluate the reasonableness of an estimate related to the significant transaction. (AS 2201.42 and .44) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transaction Significant Risk 2 AS 1105 4 The firm selected for testing a control that consisted of management's review of the accounting for a significant transaction.The issuer engaged a company specialist to assist in developing an estimate related to this significant transaction. The firm did not perform procedures beyond obtaining general industry information to evaluate the reasonableness of certain significant assumptions that were developed by the issuer and used by the company specialist. Further the firm did not perform any procedures to evaluate the relevance and reliability of the general industry information. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transaction Significant Risk 2 AS 1105 6 The firm selected for testing a control that consisted of management's review of the accounting for a significant transaction.The issuer engaged a company specialist to assist in developing an estimate related to this significant transaction. The firm did not perform procedures beyond obtaining general industry information to evaluate the reasonableness of certain significant assumptions that were developed by the issuer and used by the company specialist. Further the firm did not perform any procedures to evaluate the relevance and reliability of the general industry information. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Significant Transaction Significant Risk 2 AS 2501 16 The firm selected for testing a control that consisted of management's review of the accounting for a significant transaction.The issuer engaged a company specialist to assist in developing an estimate related to this significant transaction. The firm did not perform procedures beyond obtaining general industry information to evaluate the reasonableness of certain significant assumptions that were developed by the issuer and used by the company specialist. Further the firm did not perform any procedures to evaluate the relevance and reliability of the general industry information. (AS 1105.04 and .06; AS 2501.16) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2810 30 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 330 Inventory. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures for inventory and determined that a disclosure was omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this omission in a subsequent filing. Triennially Inspected 274 EisnerAmper LLP 2023 United States 2024-07-25T00:00:00 Part I.A C No Financial statement audit only Audits with a single deficiency Inventory 1 AS 2810 31 The firm did not identify and evaluate a departure from GAAP related to the issuer's omission of a disclosure required by FASB ASC Topic 330 Inventory. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures for inventory and determined that a disclosure was omitted. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected this omission in a subsequent filing. Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 1 AS 2201 42 The issuer used multiple information technology (IT) systems to initiate process and/or record transactions related to insurance reserves. In its testing of controls over insurance reserves the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by IT systems it identified as in-scope with respect to insurance reserves. The firm then tested certain controls over insurance reserves that relied on the effectiveness of these IT controls. The firm selected for testing change management controls over these IT systems that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. The following deficiency was identified: · The firm did not perform procedures beyond inquiry to test whether there was a common set of change management controls across all in-scope IT systems such that all changes related to these IT systems would be recorded tracked and approved through the issuer's ticketing system. (AS 2201.42 and 44) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 1 AS 2201 44 The issuer used multiple information technology (IT) systems to initiate process and/or record transactions related to insurance reserves. In its testing of controls over insurance reserves the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by IT systems it identified as in-scope with respect to insurance reserves. The firm then tested certain controls over insurance reserves that relied on the effectiveness of these IT controls. The firm selected for testing change management controls over these IT systems that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. The following deficiency was identified: · The firm did not perform procedures beyond inquiry to test whether there was a common set of change management controls across all in-scope IT systems such that all changes related to these IT systems would be recorded tracked and approved through the issuer's ticketing system. (AS 2201.42 and 44) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 2 AS 1105 10 The issuer used multiple information technology (IT) systems to initiate process and/or record transactions related to insurance reserves. In its testing of controls over insurance reserves the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by IT systems it identified as in-scope with respect to insurance reserves. The firm then tested certain controls over insurance reserves that relied on the effectiveness of these IT controls. The firm selected for testing change management controls over these IT systems that consisted of the documentation review testing and approval of changes in a ticketing system prior to their migration into production. The following deficiency was identified: · The firm did not perform procedures to test or test controls over the completeness of the population of changes used in the change management controls from which it selected its samples for testing. (AS 1105.10) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 3 AS 2201 39 The issuer used multiple information technology (IT) systems to initiate process and/or record transactions related to insurance reserves. In its testing of controls over insurance reserves the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by IT systems it identified as in-scope with respect to insurance reserves. The firm then tested certain controls over insurance reserves that relied on the effectiveness of these IT controls. For certain controls over privileged user and application access the firm did not identify and test any controls over the accuracy and completeness of the listing of users that was used in the operation of the controls (AS 2201.39). Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 4 AS 2201 42 The issuer used multiple information technology (IT) systems to initiate process and/or record transactions related to insurance reserves. In its testing of controls over insurance reserves the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by IT systems it identified as in-scope with respect to insurance reserves. The firm then tested certain controls over insurance reserves that relied on the effectiveness of these IT controls. For certain controls over privileged user and application access the firm did not evaluate the control owner's review procedures to determine that the permissions assigned were appropriate. (AS 2201.42 and .44) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 4 AS 2201 44 The issuer used multiple information technology (IT) systems to initiate process and/or record transactions related to insurance reserves. In its testing of controls over insurance reserves the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by IT systems it identified as in-scope with respect to insurance reserves. The firm then tested certain controls over insurance reserves that relied on the effectiveness of these IT controls. For certain controls over privileged user and application access the firm did not evaluate the control owner's review procedures to determine that the permissions assigned were appropriate. (AS 2201.42 and .44) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 5 AS 2301 16 With respect to the firm's substantive testing of insurance reserves the firm used its own actuarial specialists to develop an independent estimate of a range of reserves. Historical claims and premiums data provided by the issuer was used by the firm's actuarial specialists to develop the independent estimate. As discussed above the firm did not sufficiently test controls over the accuracy and completeness of the system-generated data used by the firm to substantively test insurance reserves. The firm substantively tested this data by vouching a sample of data points from each source of information produced by the company to the relevant system. However the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 5 AS 2301 18 With respect to the firm's substantive testing of insurance reserves the firm used its own actuarial specialists to develop an independent estimate of a range of reserves. Historical claims and premiums data provided by the issuer was used by the firm's actuarial specialists to develop the independent estimate. As discussed above the firm did not sufficiently test controls over the accuracy and completeness of the system-generated data used by the firm to substantively test insurance reserves. The firm substantively tested this data by vouching a sample of data points from each source of information produced by the company to the relevant system. However the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 5 AS 2301 37 With respect to the firm's substantive testing of insurance reserves the firm used its own actuarial specialists to develop an independent estimate of a range of reserves. Historical claims and premiums data provided by the issuer was used by the firm's actuarial specialists to develop the independent estimate. As discussed above the firm did not sufficiently test controls over the accuracy and completeness of the system-generated data used by the firm to substantively test insurance reserves. The firm substantively tested this data by vouching a sample of data points from each source of information produced by the company to the relevant system. However the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 5 AS 2315 19 With respect to the firm's substantive testing of insurance reserves the firm used its own actuarial specialists to develop an independent estimate of a range of reserves. Historical claims and premiums data provided by the issuer was used by the firm's actuarial specialists to develop the independent estimate. As discussed above the firm did not sufficiently test controls over the accuracy and completeness of the system-generated data used by the firm to substantively test insurance reserves. The firm substantively tested this data by vouching a sample of data points from each source of information produced by the company to the relevant system. However the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 5 AS 2315 23 With respect to the firm's substantive testing of insurance reserves the firm used its own actuarial specialists to develop an independent estimate of a range of reserves. Historical claims and premiums data provided by the issuer was used by the firm's actuarial specialists to develop the independent estimate. As discussed above the firm did not sufficiently test controls over the accuracy and completeness of the system-generated data used by the firm to substantively test insurance reserves. The firm substantively tested this data by vouching a sample of data points from each source of information produced by the company to the relevant system. However the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5230 Deloitte Ltd. 2023 Bermuda Deloitte Touche Tohmatsu Limited 2024-07-25T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance Reserves Fraud Risk 5 AS 2315 23A With respect to the firm's substantive testing of insurance reserves the firm used its own actuarial specialists to develop an independent estimate of a range of reserves. Historical claims and premiums data provided by the issuer was used by the firm's actuarial specialists to develop the independent estimate. As discussed above the firm did not sufficiently test controls over the accuracy and completeness of the system-generated data used by the firm to substantively test insurance reserves. The firm substantively tested this data by vouching a sample of data points from each source of information produced by the company to the relevant system. However the sample sizes the firm used were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm selected a sample of transactions to test revenue. The firm did not perform procedures to evaluate whether the issuer met its performance obligations before revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm selected a sample of transactions to test revenue. The firm did not perform procedures to evaluate whether the issuer met its performance obligations before revenue was recognized. (AS 2301.08 and .13) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2301 8 The firm observed physical inventory counts on various dates prior to year end. The firm did not perform any procedures to test the appropriateness of costs recorded by the issuer for certain inventory. (AS 2301.08) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 11 AS 2201 39 The firm did not identify and test any controls over journal entries and other adjustments made in the period-end financial reporting process. (AS 2201.39) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 12 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Evaluating Control Deficiencies 13 AS 2201 62 The firm communicated certain identified control deficiencies to the principal auditor as material weaknesses; however the firm did not evaluate the severity of each identified control deficiency to determine whether the deficiencies individually or in combination with other deficiencies constituted a material weakness. (AS 2201.62) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 1105 27 To test accounts receivable the firm sent positive confirmation requests to certain customers as of an interim date. The firm selected accounts receivable for testing that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining population of accounts receivable. (AS 1105.27; AS 2301.08) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 8 To test accounts receivable the firm sent positive confirmation requests to certain customers as of an interim date. The firm selected accounts receivable for testing that exceeded a monetary threshold. The firm did not perform any procedures to test the remaining population of accounts receivable. (AS 1105.27; AS 2301.08) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2310 28 To test accounts receivable the firm sent positive confirmation requests to certain customers as of an interim date. The firm selected accounts receivable for testing that exceeded a monetary threshold. The following deficiency was identified with respect to the firm's confirmation procedures: · The issuer sent the confirmation requests on behalf of the firm. The firm did not maintain control of the confirmation requests through direct communication with the intended recipients of the confirmation requests. (AS 2310.28) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2310 29 To test accounts receivable the firm sent positive confirmation requests to certain customers as of an interim date. The firm selected accounts receivable for testing that exceeded a monetary threshold. The following deficiency was identified with respect to the firm's confirmation procedures: · The firm received electronic responses to confirmation requests. The firm did not consider performing procedures to address the risks associated with electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2310 31 To test accounts receivable the firm sent positive confirmation requests to certain customers as of an interim date. The firm selected accounts receivable for testing that exceeded a monetary threshold. The following deficiency was identified with respect to the firm's confirmation procedures: · For the confirmation requests that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that the recorded amounts of the accounts receivable were accurate as of the confirmation date. (AS 2310.31) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 45 To test accounts receivable the firm sent positive confirmation requests to certain customers as of an interim date. The firm selected accounts receivable for testing that exceeded a monetary threshold. The following deficiency was identified with respect to the firm's confirmation procedures: · The firm did not perform procedures beyond inquiry of management to extend its conclusions regarding the existence of accounts receivable from the interim date in which the audit procedures were performed to year end. (AS 2301.45) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2510 12 The firm observed physical inventory counts on various dates prior to year end. The firm did not perform procedures to test intervening transactions between the dates of its inventory observations and the issuer's year end beyond obtaining a reconciliation of inventory balances from the count dates to year end. (AS 2510.12) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2510 9 The firm observed physical inventory counts on various dates prior to year end. The firm did not perform any procedures to test the existence of certain inventory. (AS 2510.09) Triennially Inspected 5930 Moore MSLL Lima Lucchesi Auditores e Contadores Ltda. 2023 Brazil 2024-07-25T00:00:00 Part I.A A Yes Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2501 7 The firm observed physical inventory counts on various dates prior to year end. The firm did not perform any procedures to test the valuation of inventory reserves. (AS 2501.07) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 1 AS 1105 10 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · When testing the operating effectiveness of these controls the firm did not select its samples from a complete population of data subject to the operation of the controls. Further the firm did not perform procedures to test or test controls over the accuracy and completeness of certain other data that it used to test the controls. (AS 1105.10) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 1 AS 1105 10 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · When testing the operating effectiveness of these controls the firm did not select its samples from a complete population of data subject to the operation of the controls. Further the firm did not perform procedures to test or test controls over the accuracy and completeness of certain other data that it used to test the controls. (AS 1105.10) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 10 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 10 AS 2301 18 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 10 AS 2301 37 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 10 AS 2315 19 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 10 AS 2315 23 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 10 AS 2315 23A To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 10 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 10 AS 2301 18 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 10 AS 2301 37 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 10 AS 2315 19 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 10 AS 2315 23 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 10 AS 2315 23A To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The sample sizes the firm used in certain of its substantive procedures to test the income statement account and significant account were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 2 AS 2301 19 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For one of these controls the firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 2 AS 2301 21 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For one of these controls the firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 2 AS 2301 19 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For one of these controls the firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 2 AS 2301 21 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For one of these controls the firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 3 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For this same control the firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of the control. (AS 2301.16) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 3 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For this same control the firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of the control. (AS 2301.16) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 4 AS 2301 21 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For the other control the firm did not test the operating effectiveness of an aspect of the control related to the issuer's review of the accuracy and completeness of certain data entered into the system and used to estimate and record the income statement account and significant account. (AS 2301.21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 4 AS 2301 21 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) review and approval of material changes to amounts affecting the income statement account and a significant account and (2) review of data entered into the system and used to estimate and record the income statement account and significant account. The following deficiency was identified regarding the firm's testing of these controls: · For the other control the firm did not test the operating effectiveness of an aspect of the control related to the issuer's review of the accuracy and completeness of certain data entered into the system and used to estimate and record the income statement account and significant account. (AS 2301.21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 5 AS 2301 19 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm selected for testing other controls that consisted of the issuer's review and analysis of the income statement account and/or significant account. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 5 AS 2301 21 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm selected for testing other controls that consisted of the issuer's review and analysis of the income statement account and/or significant account. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 5 AS 2301 19 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm selected for testing other controls that consisted of the issuer's review and analysis of the income statement account and/or significant account. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 5 AS 2301 21 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm selected for testing other controls that consisted of the issuer's review and analysis of the income statement account and/or significant account. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2301.19 and .21) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 6 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing other controls that consisted of the issuer's review and analysis of the income statement account and/or significant account. For certain of these controls the firm did not identify and test any controls over the accuracy and/or completeness of certain system-generated reports and/or other end user computing files used in the operation of the controls. (AS 2301.16) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 6 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: · The firm selected for testing other controls that consisted of the issuer's review and analysis of the income statement account and/or significant account. For certain of these controls the firm did not identify and test any controls over the accuracy and/or completeness of certain system-generated reports and/or other end user computing files used in the operation of the controls. (AS 2301.16) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 7 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm did not identify and test any controls over the issuer's review of data contained in reports provided by external parties that the issuer entered into its system and used to estimate and record the income statement account and significant account to ensure it was accurate and complete and in accordance with terms of the contracts. (AS 2301.16) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 7 AS 2301 16 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm did not identify and test any controls over the issuer's review of data contained in reports provided by external parties that the issuer entered into its system and used to estimate and record the income statement account and significant account to ensure it was accurate and complete and in accordance with terms of the contracts. (AS 2301.16) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 8 AS 2301 8 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm did not perform sufficient substantive procedures to test the income statement account because the firm did not evaluate whether the income statement account was recorded in accordance with the terms of the contracts. (AS 2301.08) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 8 AS 2301 8 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm did not perform sufficient substantive procedures to test the income statement account because the firm did not evaluate whether the income statement account was recorded in accordance with the terms of the contracts. (AS 2301.08) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Income Statement Account Significant Risk 9 AS 2501 7 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm did not perform substantive procedures to test the issuer's estimate of the income statement account and significant account beyond inquiry of management and comparing amounts recorded to documentation produced by the issuer. (AS 2501.07) Triennially Inspected 1411 Ernst & Young Chartered Accountants 2023 Ireland Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A Yes Financial statement audit only Audits with multiple deficiencies Significant Account Significant Risk 9 AS 2501 7 To reduce the extent of its substantive procedures for an income statement account and a significant account the firm tested and placed reliance on certain controls. The following deficiency was identified: The firm did not perform substantive procedures to test the issuer's estimate of the income statement account and significant account beyond inquiry of management and comparing amounts recorded to documentation produced by the issuer. (AS 2501.07) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 1 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) over certain of these IT systems the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 10 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the first control the firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 11 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the first control the firm did not evaluate the specific review procedures that the control owner or business users performed to validate and approve the appropriateness of the migrated changes to the production environment. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 11 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the first control the firm did not evaluate the specific review procedures that the control owner or business users performed to validate and approve the appropriateness of the migrated changes to the production environment. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 12 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the second control the firm did not evaluate the effect of the control owner excluding certain information when performing the control on the control's ability to effectively prevent or detect a material misstatement. (AS 2201.42) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 13 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the second and third controls the firm did not evaluate the specific review procedures that the control owners performed to validate the appropriateness of direct data changes to the system database. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 13 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the second and third controls the firm did not evaluate the specific review procedures that the control owners performed to validate the appropriateness of direct data changes to the system database. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 14 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm selected for testing change management controls over another IT system that consisted of the (1) approval of changes after deployment in the production environment by the business users to confirm that they were satisfied with the changes and had tested them (2) periodic review of a list of all manual changes made to the accounting database tables by users with direct database access to verify that all changes agreed to an approved change request and (3) review and approval of all direct changes made to published data. The following deficiency was identified: · For the third control the firm did not identify and test any controls over the completeness of direct data changes to the system database. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 15 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing controls that consisted of the configuration of an IT system used to test inventory ('inventory testing system') to automatically calculate the assay results of each sample based on a pre-established formula and the issuer's periodic validation of those calculations. The firm used a 'test of one' approach to test these controls but did not evaluate whether the tested configurations were applied to all relevant metals and locations across the inventory testing system and an inventory subledger system to support the use of such an approach. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 16 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the configuration of the inventory subledger system to automatically calculate the metal content of each data entry based on the weight and assay results. The firm did not test all significant processing alternatives of this control for each relevant metal content type used for calculating the value of inventory. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 16 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the configuration of the inventory subledger system to automatically calculate the metal content of each data entry based on the weight and assay results. The firm did not test all significant processing alternatives of this control for each relevant metal content type used for calculating the value of inventory. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 17 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing controls that consisted of management's review and approval of the assay results in the inventory testing system. For one of these controls the firm did not evaluate the specific review procedures that the control owner performed to assess the accuracy of the assay results. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 17 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing controls that consisted of management's review and approval of the assay results in the inventory testing system. For one of these controls the firm did not evaluate the specific review procedures that the control owner performed to assess the accuracy of the assay results. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 18 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing controls that consisted of management's review and approval of the assay results in the inventory testing system. For the other control the firm did not test an aspect of the control related to the control owner's assessment of the reasonableness of the assay results for more than half of the assay results selected for testing. (AS 2201.44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 19 AS 2201 B8 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of management's verification and approval of the recorded weight of certain inventory. The firm did not evaluate the effect of certain exceptions identified during its substantive audit procedures related to inventory on its conclusions regarding the operating effectiveness of this control. (AS 2201.B8) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 1105 4 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The firm performed a review of the security settings in place over certain of the issuer's accounting systems using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm also selected for testing a control over user access to the production environment of these IT systems that consisted of (1) a security setting in these systems that would not allow any direct changes to be made in the production environment by any user and (2) management's review and approval of a system-generated report that listed any changes made to the system security settings. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of these IT systems. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 2 AS 1105 6 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The firm performed a review of the security settings in place over certain of the issuer's accounting systems using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm also selected for testing a control over user access to the production environment of these IT systems that consisted of (1) a security setting in these systems that would not allow any direct changes to be made in the production environment by any user and (2) management's review and approval of a system-generated report that listed any changes made to the system security settings. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of these IT systems. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 20 AS 2510 9 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · To test the existence of certain inventory the firm observed the physical inventory counts at all locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using system-generated reports provided by the issuer. The firm did not perform sufficient procedures to test the existence of certain inventory. Specifically the firm's observation procedures were not suitable because the firm did not perform any substantive procedures to reconcile the quantities of certain inventory counted as reflected in the stock count records to the issuer's inventory records. Therefore these observations did not provide sufficient evidence of the quantity of inventory at these locations. (AS 2510.09) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 21 AS 1105 4 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · To test the existence of certain inventory the firm observed the physical inventory counts at all locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using system-generated reports provided by the issuer. The firm did not perform sufficient procedures to test the existence of certain inventory. The firm did not perform sufficient procedures to evaluate the reliability of a report used to test the rollforward of certain inventory quantities from the dates in which the inventory was physically counted to year-end because it did not evaluate the nature and cause of certain exceptions identified during its substantive audit procedures. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 21 AS 1105 6 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · To test the existence of certain inventory the firm observed the physical inventory counts at all locations and performed procedures to test the rollforward of inventory from the dates in which the inventory was physically counted to year-end using system-generated reports provided by the issuer. The firm did not perform sufficient procedures to test the existence of certain inventory. The firm did not perform sufficient procedures to evaluate the reliability of a report used to test the rollforward of certain inventory quantities from the dates in which the inventory was physically counted to year-end because it did not evaluate the nature and cause of certain exceptions identified during its substantive audit procedures. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 22 AS 2301 45 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to other tests of controls and substantive procedures related to inventory certain of which were affected by the audit deficiencies discussed above related to user access and change management the following additional deficiency was identified: · The firm did not perform procedures to extend its conclusions regarding the existence and valuation of inventory assay results from the interim date in which the audit procedures were performed to year-end beyond obtaining and reviewing minutes from certain laboratory quality review meetings and the accompanying presentations. (AS 2301.45) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 23 AS 1105 10 The firm's approach for substantively testing revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of cash receipts data underlying the analysis. To test this data the firm agreed a sample of cash receipts to bank statements customer invoices and other documents such as packing lists delivery notes and transfer requests. The firm identified that certain cash receipts selected for testing did not relate to revenue and a corresponding receivable. The firm did not perform sufficient procedures to evaluate whether the cash receipts data was appropriate for use in the analysis because it did not evaluate the implications of these unrelated cash receipts on the sufficiency and appropriateness of the data. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 3 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The firm performed a review of the security settings in place over certain of the issuer's accounting systems using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm also selected for testing a control over user access to the production environment of these IT systems that consisted of (1) a security setting in these systems that would not allow any direct changes to be made in the production environment by any user and (2) management's review and approval of a system-generated report that listed any changes made to the system security settings. The following deficiency was identified: · The firm did not select for testing any instances in which the control over user access to the production environment of these IT systems operated because there were no changes made to the system security settings during the periods that were selected for testing. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 3 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The firm performed a review of the security settings in place over certain of the issuer's accounting systems using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm also selected for testing a control over user access to the production environment of these IT systems that consisted of (1) a security setting in these systems that would not allow any direct changes to be made in the production environment by any user and (2) management's review and approval of a system-generated report that listed any changes made to the system security settings. The following deficiency was identified: · The firm did not select for testing any instances in which the control over user access to the production environment of these IT systems operated because there were no changes made to the system security settings during the periods that were selected for testing. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 4 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The issuer managed the provisioning of emergency privileged access rights which allowed users with such rights to make direct changes to the production environments of certain IT systems. The firm selected for testing controls over the assignment of privileged access rights for these systems that consisted of the system administrators' review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the provisioning and activity during the privileged access sessions to ensure that only approved activity was executed on these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 4 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The issuer managed the provisioning of emergency privileged access rights which allowed users with such rights to make direct changes to the production environments of certain IT systems. The firm selected for testing controls over the assignment of privileged access rights for these systems that consisted of the system administrators' review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the provisioning and activity during the privileged access sessions to ensure that only approved activity was executed on these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 5 AS 1105 10 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The issuer managed the provisioning of emergency privileged access rights which allowed users with such rights to make direct changes to the production environments of certain IT systems. The firm selected for testing controls over the assignment of privileged access rights for these systems that consisted of the system administrators' review and approval of privileged access requests. The following deficiency was identified: · For one control the firm did not perform sufficient procedures to test or test any controls over the completeness of the population of privileged access requests from which it made its selection for testing because the firm limited its selection to the population of active accounts of users with privileged access rights. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 6 AS 2201 46 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. The issuer managed the provisioning of emergency privileged access rights which allowed users with such rights to make direct changes to the production environments of certain IT systems. The firm selected for testing controls over the assignment of privileged access rights for these systems that consisted of the system administrators' review and approval of privileged access requests. The following deficiency was identified: · The number of privileged access requests selected for testing did not provide sufficient appropriate audit evidence because the firm limited its selection to one account for one month and did not perform any procedures to test the effectiveness of the control over the remaining audit period. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 7 AS 2201 39 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. Access to another IT system was controlled through the assignment of roles such as 'read-only ' 'edit ' and 'administrator ' to users for access to this system and related database for the accounting tables and modules. The firm selected for testing a control over user access to this system and related database that consisted of management's periodic review of a list of users with administrator roles to determine whether (1) the assignment of such roles was authorized (2) the access profiles were valid and (3) all manual changes made to the tables agreed to an approved change request. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of the reports used in the operation of the control. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 8 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. Access to another IT system was controlled through the assignment of roles such as 'read-only ' 'edit ' and 'administrator ' to users for access to this system and related database for the accounting tables and modules. The firm selected for testing a control over user access to this system and related database that consisted of management's periodic review of a list of users with administrator roles to determine whether (1) the assignment of such roles was authorized (2) the access profiles were valid and (3) all manual changes made to the tables agreed to an approved change request. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to this system and related database. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 8 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The issuer's IT systems had development testing/quality assurance (QA) and production environments. Changes to the IT systems were typically tested in the testing environment prior to their migration to the production environment. Changes could however be made directly in the production environment in certain situations on an emergency basis. Access to another IT system was controlled through the assignment of roles such as 'read-only ' 'edit ' and 'administrator ' to users for access to this system and related database for the accounting tables and modules. The firm selected for testing a control over user access to this system and related database that consisted of management's periodic review of a list of users with administrator roles to determine whether (1) the assignment of such roles was authorized (2) the access profiles were valid and (3) all manual changes made to the tables agreed to an approved change request. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to this system and related database. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 9 AS 2201 42 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm did not obtain evidence that testing was performed and reviewed by the control owners for nearly half of the system changes selected for testing. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 9 AS 2201 44 The issuer used multiple information-technology (IT) systems to initiate process and record inventory and inventory-related transactions. In its testing of controls over inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over an IT system that consisted of the documentation review testing and approval of changes in the testing/QA environment prior to their migration into production. The firm did not obtain evidence that testing was performed and reviewed by the control owners for nearly half of the system changes selected for testing. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs over certain of these IT systems the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs over certain of these IT systems the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs over certain of these IT systems the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing an automated control that consisted of the configuration of the issuer's accounting system to automatically update invoiced sales prices to reflect those within the system's price list and used a 'test of one' approach to test the control. The firm did not perform sufficient procedures to support the use of such an approach because it did not test the configuration or programming of the control during the audit period or perform other procedures that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 11 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing controls that consisted of management's review and approval of printed sales orders. The firm did not perform procedures to test or test any controls over the completeness of the population of certain sales orders from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing controls that consisted of the reconciliation of revenue and inventory sold and management's review and approval of the reconciliations. The firm did not identify and test any controls over the accuracy and completeness of the reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 13 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing an automated control that consisted of automatic interfaces between the issuer's accounting system and certain of its production and dispatch related systems and used a 'test of one' approach to test the control. The firm did not perform sufficient procedures to support the use of such an approach because it did not test the interface configuration or programming of the control or perform procedures to test the design of the control as it relates to each relevant interface. (AS 2201.46) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 14 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm's approach for substantively testing revenue consisted primarily of performing a software-assisted analysis to test the relationships among revenue accounts receivable and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of cash receipts data underlying the analysis. To test this data the firm reconciled certain cash activity used in the analysis to the respective cash accounts in the issuer's general ledger and agreed a sample of cash receipts to bank statements and customer remittance advices. The firm did not perform sufficient procedures to evaluate whether the cash receipts data was appropriate for use in the analysis because it (1) did not reconcile all cash activity used in the analysis to the respective cash accounts in the issuer's general ledger (2) made the majority of its cash receipts selections from the population of trade accounts receivable and unallocated receivable journal entries rather than the cash journal entries used in the analysis and (3) did not evaluate whether certain cash receipts selected for testing related to revenue and were appropriately included in the cash data underlying the analysis. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 15 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. With respect to Accounts Receivable which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm did not identify and test any controls over the posting of cash receipts to customer accounts and invoices. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 16 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. With respect to Accounts Receivable which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review and analysis of accounts receivable as reflected in a customized system-generated accounts receivable aging report. The firm did not evaluate whether the automated aspect of this control which consisted of the system's aging of customer account balances was configurable and programmable and if so perform procedures to test the configuration and programming of the control. (AS 2201.42) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 17 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. With respect to Accounts Receivable which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review and analysis of accounts receivable as reflected in a customized system-generated accounts receivable aging report. The firm did not perform procedures to test the accuracy and completeness of the reports and calculations produced by the system to determine whether the automated aspect of the control operated as it was designed. (AS 2201.44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 48 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not determine the effect of the exception identified on the operating effectiveness of the user access controls over the system. (AS 2201.48) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2201 48 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not determine the effect of the exception identified on the operating effectiveness of the user access controls over the system. (AS 2201.48) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 48 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not determine the effect of the exception identified on the operating effectiveness of the user access controls over the system. (AS 2201.48) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not identify and test any controls over the appropriateness of the activity that the two privileged access users performed when opening the system's production environment. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not identify and test any controls over the appropriateness of the activity that the two privileged access users performed when opening the system's production environment. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not identify and test any controls over the appropriateness of the activity that the two privileged access users performed when opening the system's production environment. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of this system. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of this system. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of this system. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of this system. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 4 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of this system. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 6 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm performed a review of the security settings in place over the issuer's accounting system using an unapproved custom software audit tool that included tests of privileged access password settings and client production settings. The firm identified certain exceptions involving the segregation of duties of two users who had administrator access to the system which enabled them to migrate changes into production. The firm also identified that the system's production environment had been opened multiple times during the year by these two users. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reliability of the information produced from the custom software audit tool that was used to test the security settings of this system. (AS 1105.04 and .06) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of the reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 5 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of the reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of the reports used in the operation of these controls. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 6 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to user access: The firm selected for testing controls over the assignment of privileged access rights to certain other IT systems that consisted of management's review and approval of privileged access requests. The following deficiency was identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether access was appropriate and that the roles were adequately restricted or granted to users to prevent unauthorized and inappropriate access to these systems. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over certain IT systems that consisted of (1) the authorization of changes prior to development (2) testing and approval of changes prior to their migration into production and (3) the establishment of segregation of duties and the restriction of users with the ability to develop and migrate changes to production to authorized personnel. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 7 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over certain IT systems that consisted of (1) the authorization of changes prior to development (2) testing and approval of changes prior to their migration into production and (3) the establishment of segregation of duties and the restriction of users with the ability to develop and migrate changes to production to authorized personnel. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to change management: The firm selected for testing change management controls over certain IT systems that consisted of (1) the authorization of changes prior to development (2) testing and approval of changes prior to their migration into production and (3) the establishment of segregation of duties and the restriction of users with the ability to develop and migrate changes to production to authorized personnel. The firm did not perform procedures to test or test any controls over the completeness of the population of changes from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of price changes made in the accounting system as reflected in a customized system-generated report to determine whether they were properly approved. The firm did not identify and test any controls over the accuracy and completeness of the report used in the operation of the control. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of price changes made in the accounting system as reflected in a customized system-generated report to determine whether they were properly approved. The firm did not test an aspect of the control related to the issuer's review of certain price changes. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A B Yes Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed certain of these areas but did not identify certain of the deficiencies below. The issuer used multiple IT systems to initiate process and record transactions related to revenue accounts receivable and long-lived assets. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. With respect to Revenue which was affected by the audit deficiencies related to user access and change management the following additional deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of price changes made in the accounting system as reflected in a customized system-generated report to determine whether they were properly approved. The firm did not test an aspect of the control related to the issuer's review of certain price changes. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The following deficiency was identified: · The firm selected for testing a control that consisted of the configuration of the issuer's accounting system to automatically apply cash receipts to specific invoices and the manual investigation of outstanding items and unapplied cash receipts in the cash in-transit accounts. The firm did not test the automated aspect of this control related to the automatic application of cash receipts to specific invoices. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The following deficiency was identified: · The firm selected for testing a control that consisted of the configuration of the issuer's accounting system to automatically apply cash receipts to specific invoices and the manual investigation of outstanding items and unapplied cash receipts in the cash in-transit accounts. The firm did not test the automated aspect of this control related to the automatic application of cash receipts to specific invoices. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 42 The following deficiency was identified: · The firm selected for testing a control that consisted of the configuration of the issuer's accounting system to automatically apply cash receipts to specific invoices and the manual investigation of outstanding items and unapplied cash receipts in the cash in-transit accounts. The firm did not test the automated aspect of this control related to the automatic application of cash receipts to specific invoices. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 44 The following deficiency was identified: · The firm selected for testing a control that consisted of the configuration of the issuer's accounting system to automatically apply cash receipts to specific invoices and the manual investigation of outstanding items and unapplied cash receipts in the cash in-transit accounts. The firm did not test the automated aspect of this control related to the automatic application of cash receipts to specific invoices. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The following deficiency was identified: · The firm selected for testing an automated control that consisted of the configuration of the issuer's accounting system to automatically record sales transactions based on revenue recognition triggers contained in the sales order and customer master files. The firm did not test whether the system accurately retrieved information from customer master files that was associated with the recorded sales. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The following deficiency was identified: · The firm selected for testing an automated control that consisted of the configuration of the issuer's accounting system to automatically record sales transactions based on revenue recognition triggers contained in the sales order and customer master files. The firm did not test whether the system accurately retrieved information from customer master files that was associated with the recorded sales. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 42 The following deficiency was identified: · The firm selected for testing an automated control that consisted of the configuration of the issuer's accounting system to automatically record sales transactions based on revenue recognition triggers contained in the sales order and customer master files. The firm did not test whether the system accurately retrieved information from customer master files that was associated with the recorded sales. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 44 The following deficiency was identified: · The firm selected for testing an automated control that consisted of the configuration of the issuer's accounting system to automatically record sales transactions based on revenue recognition triggers contained in the sales order and customer master files. The firm did not test whether the system accurately retrieved information from customer master files that was associated with the recorded sales. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2201 42 The following deficiency was identified: · The firm selected for testing a control that consisted of the reconciliation of goods invoiced to goods shipped and delivered. The firm did not perform procedures to test the design and operating effectiveness of this control. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 3 AS 2201 44 The following deficiency was identified: · The firm selected for testing a control that consisted of the reconciliation of goods invoiced to goods shipped and delivered. The firm did not perform procedures to test the design and operating effectiveness of this control. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 42 The following deficiency was identified: · The firm selected for testing a control that consisted of the reconciliation of goods invoiced to goods shipped and delivered. The firm did not perform procedures to test the design and operating effectiveness of this control. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 44 The following deficiency was identified: · The firm selected for testing a control that consisted of the reconciliation of goods invoiced to goods shipped and delivered. The firm did not perform procedures to test the design and operating effectiveness of this control. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 4 AS 2201 39 The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's verification of the shipment and delivery dates recorded in the accounting system to determine whether the transfer of title and recognition of revenue was based on accurate information. The firm did not identify and test any controls over the completeness of a customized system-generated report used in the operation of this control. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 4 AS 2201 39 The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's verification of the shipment and delivery dates recorded in the accounting system to determine whether the transfer of title and recognition of revenue was based on accurate information. The firm did not identify and test any controls over the completeness of a customized system-generated report used in the operation of this control. (AS 2201.39) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Accounts Receivable 5 AS 1105 10 The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) use of revenue recognition triggers to consistently recognize revenue for each billing type (2) matching of sales invoices to documents supporting proof of delivery and transfer of title and (3) verification of the shipment and delivery dates recorded in the accounting system to determine whether the transfer of title and recognition of revenue was based on accurate information. The firm did not perform procedures to test or test any controls over the completeness of the population of a customized system-generated report from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Revenue 5 AS 1105 10 The following deficiency was identified: · The firm selected for testing controls that consisted of the issuer's (1) use of revenue recognition triggers to consistently recognize revenue for each billing type (2) matching of sales invoices to documents supporting proof of delivery and transfer of title and (3) verification of the shipment and delivery dates recorded in the accounting system to determine whether the transfer of title and recognition of revenue was based on accurate information. The firm did not perform procedures to test or test any controls over the completeness of the population of a customized system-generated report from which it made its selections for testing. (AS 1105.10) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 2201 42 The firm selected for testing a control that consisted of the completion of impairment indicator surveys and the issuer's review and approval of impairment calculations and related testing. The firm did not evaluate the specific review procedures that the control owner performed to determine the accuracy and completeness of the consolidated impairment indicator questionnaires. (AS 2201.42 and .44) Triennially Inspected 1698 Ernst & Young Incorporated 2023 South Africa Ernst & Young Global Limited 2024-06-21T00:00:00 Part I.A C Yes ICFR audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 2201 44 The firm selected for testing a control that consisted of the completion of impairment indicator surveys and the issuer's review and approval of impairment calculations and related testing. The firm did not evaluate the specific review procedures that the control owner performed to determine the accuracy and completeness of the consolidated impairment indicator questionnaires. (AS 2201.42 and .44) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any procedures to evaluate whether (1) the rate at which certain revenue was recognized was appropriate and (2) the performance obligations had been met prior to the recognition of certain of this revenue. (AS 2301.08 and .13) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any procedures to evaluate whether (1) the rate at which certain revenue was recognized was appropriate and (2) the performance obligations had been met prior to the recognition of certain of this revenue. (AS 2301.08 and .13) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's omission of certain disclosures required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 1 AS 1105 A8a The issuer engaged an external valuation specialist to perform an impairment analysis of goodwill and intangible assets at year end. The firm's approach for substantively testing the fair value was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate the reasonableness of the significant assumptions the company's specialist used. The following deficiency was identified: · The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain issuer-produced data the company's specialist used in the impairment analysis. (AS 1105.A8a) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 2 AS 1210 12 The issuer engaged an external valuation specialist to perform an impairment analysis of goodwill and intangible assets at year end. The firm's approach for substantively testing the fair value was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate the reasonableness of the significant assumptions the company's specialist used. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of the significant assumptions developed by the issuer because it did not identify that the auditor-engaged specialist did not perform sufficient procedures to evaluate the reasonableness of (1) certain significant assumptions because it limited its procedures to certain component(s) of the assumptions and/or obtaining certain external information (2) another significant assumption because it limited its procedures to obtaining certain external information and evaluating the consistency of the assumption with relevant industry information and (3) other significant assumptions because it limited its procedures to inquiry of management and comparing the assumptions to the prior year assumptions. (AS 1210.09 and .12; AS 2501.16) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 2 AS 1210 9 The issuer engaged an external valuation specialist to perform an impairment analysis of goodwill and intangible assets at year end. The firm's approach for substantively testing the fair value was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate the reasonableness of the significant assumptions the company's specialist used. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of the significant assumptions developed by the issuer because it did not identify that the auditor-engaged specialist did not perform sufficient procedures to evaluate the reasonableness of (1) certain significant assumptions because it limited its procedures to certain component(s) of the assumptions and/or obtaining certain external information (2) another significant assumption because it limited its procedures to obtaining certain external information and evaluating the consistency of the assumption with relevant industry information and (3) other significant assumptions because it limited its procedures to inquiry of management and comparing the assumptions to the prior year assumptions. (AS 1210.09 and .12; AS 2501.16) Triennially Inspected 3627 Sadler, Gibb & Associates, LLC 2023 United States 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets Significant Risk 2 AS 2501 16 The issuer engaged an external valuation specialist to perform an impairment analysis of goodwill and intangible assets at year end. The firm's approach for substantively testing the fair value was to test the issuer's process and the firm used an auditor-engaged specialist to evaluate the reasonableness of the significant assumptions the company's specialist used. The following deficiency was identified: · The firm did not sufficiently evaluate the reasonableness of the significant assumptions developed by the issuer because it did not identify that the auditor-engaged specialist did not perform sufficient procedures to evaluate the reasonableness of (1) certain significant assumptions because it limited its procedures to certain component(s) of the assumptions and/or obtaining certain external information (2) another significant assumption because it limited its procedures to obtaining certain external information and evaluating the consistency of the assumption with relevant industry information and (3) other significant assumptions because it limited its procedures to inquiry of management and comparing the assumptions to the prior year assumptions. (AS 1210.09 and .12; AS 2501.16) Triennially Inspected 4054 Prager Metis CPAs LLP 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 61 The firm identified fraud criteria to identify and select journal entries for testing and obtained a listing of journal entries that met the criteria. The firm did not sufficiently test the journal entries that met the identified fraud risk criteria for evidence of possible material misstatement due to fraud because it limited its procedures to certain entries without having an appropriate rationale for limiting its testing to those journal entries. (AS 2401.61) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 1 AS 2810 30 The firm did not identify and evaluate departures from GAAP related to the issuer's presentation of certain significant accounts in the issuer's financial statements. (AS 2810.30 and .31) In connection with our review the issuer reevaluated the presentation of these significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the presentation of these significant accounts. Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 1 AS 2810 31 The firm did not identify and evaluate departures from GAAP related to the issuer's presentation of certain significant accounts in the issuer's financial statements. (AS 2810.30 and .31) In connection with our review the issuer reevaluated the presentation of these significant accounts and determined that misstatements existed that had not been previously identified. The issuer did not file an amended Form 10-K or a Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these misstatements in a subsequent filing by revising the presentation of these significant accounts. Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 10 AS 2401 58 The firm did not identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 2 AS 2301 8 With respect to another significant account the following deficiencies werey was identified: · The firm did not evaluate the appropriateness of the issuer's presentation of this account. (AS 2301.08) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 3 AS 2301 8 With respect to another significant account the following deficiencies werey was identified: · The firm did not perform procedures to test an adjustment to this account beyond tracing amounts to an issuer-prepared schedule. (AS 2301.08) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 4 AS 2501 16 With respect to another significant account the following deficiencies werey was identified: · The firm did not perform procedures to evaluate the reasonableness of a significant assumption related to this account that was developed by the issuer beyond certain limited procedures. (AS 2501.16) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 5 AS 2501 7 With respect to another significant account the following deficiencies werey was identified: · The firm did not perform any procedures to test certain other estimates related to this account. (AS 2501.07) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 6 AS 2301 8 With respect to another significant account the following deficiencies werey was identified: · The firm did not evaluate whether the issuer accounted for certain aspects of this account in conformity with GAAP including evaluating certain contradictory evidence. (AS 2301.08; AS 2810.03) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 6 AS 2810 3 With respect to another significant account the following deficiencies werey was identified: · The firm did not evaluate whether the issuer accounted for certain aspects of this account in conformity with GAAP including evaluating certain contradictory evidence. (AS 2301.08; AS 2810.03) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 7 AS 1105 4 With respect to another significant account the following deficiencies werey was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of certain information that it used to test this account. (AS 1105.04 and .06) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Significant Accounts 7 AS 1105 6 With respect to another significant account the following deficiencies werey was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of certain information that it used to test this account. (AS 1105.04 and .06) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 8 AS 2301 13 The firm did not perform procedures to test certain transactions within an income statement account beyond obtaining an understanding of the issuer's accounting policy. (AS 2301.08 and .13) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 8 AS 2301 8 The firm did not perform procedures to test certain transactions within an income statement account beyond obtaining an understanding of the issuer's accounting policy. (AS 2301.08 and .13) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 9 AS 2301 13 The firm did not evaluate whether the issuer's accounting for these transactions was in conformity with GAAP. (AS 2301.08 and .13) Triennially Inspected 6398 RH CPA 2023 United States 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 9 AS 2301 8 The firm did not evaluate whether the issuer's accounting for these transactions was in conformity with GAAP. (AS 2301.08 and .13) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Equity and Equity Related Transactions 1 AS 2301 8 During the year the issuer issued common shares with warrants. The firm did not perform procedures to test the number of shares issued and the gross proceeds received beyond confirming the number of shares issued and outstanding at year end with the transfer agent. (AS 2301.08) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 1105 A10 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the relevance and reliability of the work performed by the company's specialists and whether the specialists' findings support or contradict the recoverability of the asset because it did not (1) identify that the report compiled by the company's specialists was a year old and (2) evaluate whether the specialists' findings continued to be relevant and reliable. (AS 1105.A9 and .A10) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 10 AS 1105 A9 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the relevance and reliability of the work performed by the company's specialists and whether the specialists' findings support or contradict the recoverability of the asset because it did not (1) identify that the report compiled by the company's specialists was a year old and (2) evaluate whether the specialists' findings continued to be relevant and reliable. (AS 1105.A9 and .A10) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 2301 11 The firm did not perform procedures to evaluate whether certain transactions were appropriately capitalized in accordance with the applicable accounting standard. (AS 2301.08 and .11) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 2 AS 2301 8 The firm did not perform procedures to evaluate whether certain transactions were appropriately capitalized in accordance with the applicable accounting standard. (AS 2301.08 and .11) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2301 11 For one asset the issuer performed an assessment of this asset for possible impairment and concluded that it was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of this asset. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2301 8 For one asset the issuer performed an assessment of this asset for possible impairment and concluded that it was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of this asset. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2810 3 For one asset the issuer performed an assessment of this asset for possible impairment and concluded that it was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of this asset. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 2501 7 For a second asset the issuer estimated the recoverable amount of the asset and determined that it exceeded the asset's carrying value. The firm did not perform any procedures to test the issuer's estimated recoverability of this asset. (AS 2501.07) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 1105 A3 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate (1) the knowledge skill and ability of one company specialist and (2) the relationship of the issuer to this specialist. (AS 1105.A3 and .A4) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 1105 A4 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate (1) the knowledge skill and ability of one company specialist and (2) the relationship of the issuer to this specialist. (AS 1105.A3 and .A4) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 1105 A8b For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialists or the issuer that were used by the specialists to develop the estimate. (AS 1105.A8b; AS 2501.16) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 6 AS 2501 16 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the company's specialists or the issuer that were used by the specialists to develop the estimate. (AS 1105.A8b; AS 2501.16) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 1105 4 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of external information the issuer used to determine the recoverability of the asset. (AS 1105.04 and .06) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 7 AS 1105 6 For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of external information the issuer used to determine the recoverability of the asset. (AS 1105.04 and .06) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 8 AS 1105 A8a For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to test the accuracy and completeness of company-produced data and evaluate the relevance and reliability of certain other data from sources external to the issuer that the company's specialists used to develop the estimate considered by the issuer in determining the recoverability of the asset. (AS 1105.A8a) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 9 AS 1105 A8c For a third asset the firm's approach to evaluate the recoverability of this asset was to test the issuer's process. The issuer engaged two external specialists to develop an estimate that the issuer considered along with other assumptions and information in determining the recoverability of the asset. The firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate whether the methods used by the company's specialists were appropriate under the circumstances. (AS 1105.A8c) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 1 AS 2315 24 The firm's approach for testing an income statement account included performing tests of details for a sample of transactions from certain months during the year. The firm did not perform any procedures to test the population of transactions in the remaining months of the year. (AS 2315.24) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 10 AS 2501 16 For another asset within the balance sheet account the firm did not perform procedures to evaluate the reasonableness of certain significant assumptions developed and used by the issuer to calculate the amortization for the asset. (AS 2501.16) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 2 AS 1105 10 The firm's approach for testing an income statement account included performing tests of details for a sample of transactions from certain months during the year. The firm did not perform any procedures to test or test controls over the accuracy and completeness of certain data and reports it used to test an income statement account. (AS 1105.10) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 3 AS 2305 16 The firm performed substantive analytical procedures as part of its testing of an income statement account and used certain external data to develop its expectation. The firm did not evaluate whether the external data used to develop its expectation was sufficiently reliable for purposes of achieving its audit objectives. (AS 2305.16) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 4 AS 2305 21 The firm performed substantive analytical procedures as part of its testing of an income statement account and used certain external data to develop its expectation. The firm did not evaluate differences between its expectation and the actual amounts recorded beyond inquiry of management. (AS 2305.21) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 5 AS 2301 13 The firm did not perform procedures to evaluate whether certain income statement account transactions were recognized in conformity with the applicable accounting standard. (AS 2301.08 and .13) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 5 AS 2301 8 The firm did not perform procedures to evaluate whether certain income statement account transactions were recognized in conformity with the applicable accounting standard. (AS 2301.08 and .13) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 6 AS 2501 16 The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed by the issuer that the company's specialist used because it did not take into account the issuer's intent and ability to carry out its intended course of action. (AS 2501.16 and .17) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 6 AS 2501 17 The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform sufficient procedures to evaluate the reasonableness of a significant assumption developed by the issuer that the company's specialist used because it did not take into account the issuer's intent and ability to carry out its intended course of action. (AS 2501.16 and .17) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 7 AS 1105 4 The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of external information it used to test the reasonableness of this significant assumption. (AS 1105.04 and .06) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 7 AS 1105 6 The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform any procedures to evaluate the relevance and reliability of external information it used to test the reasonableness of this significant assumption. (AS 1105.04 and .06) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 8 AS 1105 4 The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of (1) external information the company's specialist used to develop another significant assumption (AS 1105.A8a) and (2) external information used in its substantive procedures to test the reasonableness of the significant assumption. (AS 1105.04 and .06) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 8 AS 1105 6 The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of (1) external information the company's specialist used to develop another significant assumption (AS 1105.A8a) and (2) external information used in its substantive procedures to test the reasonableness of the significant assumption. (AS 1105.04 and .06) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 8 AS 1105 A8a The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate the relevance and reliability of (1) external information the company's specialist used to develop another significant assumption (AS 1105.A8a) and (2) external information used in its substantive procedures to test the reasonableness of the significant assumption. (AS 1105.04 and .06) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 9 AS 1105 A8b The issuer engaged an external valuation specialist to perform an impairment analysis of an asset within a balance sheet account at year end. The firm's approach for substantively testing the fair value of this asset was to test the issuer's process and the firm used the work of the company's specialists as audit evidence. The following deficiency was identified: · The firm did not perform procedures to evaluate the reasonableness of another significant assumption developed by the company's specialist and used in the impairment analysis. (AS 1105.A8b) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 1 AS 2301 13 The firm did not perform sufficient procedures to evaluate the appropriateness of the issuer's recognition of certain income statement account transactions because it did not evaluate certain contradictory evidence. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 1 AS 2301 8 The firm did not perform sufficient procedures to evaluate the appropriateness of the issuer's recognition of certain income statement account transactions because it did not evaluate certain contradictory evidence. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Income Statement Account Fraud Risk 1 AS 2810 3 The firm did not perform sufficient procedures to evaluate the appropriateness of the issuer's recognition of certain income statement account transactions because it did not evaluate certain contradictory evidence. (AS 2301.08 and .13; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 2 AS 2301 11 The issuer performed an assessment of certain assets within a balance sheet account for impairment at year end and concluded that they were recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of these assets. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 2 AS 2301 8 The issuer performed an assessment of certain assets within a balance sheet account for impairment at year end and concluded that they were recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of these assets. (AS 2301.08 and .11; AS 2810.03) Triennially Inspected 6644 Kreston GTA LLP 2023 Canada 2024-06-21T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Balance Sheet Account Significant Risk 2 AS 2810 3 The issuer performed an assessment of certain assets within a balance sheet account for impairment at year end and concluded that they were recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of these assets. (AS 2301.08 and .11; AS 2810.03) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The firm selected for testing various controls over revenue and inventory but did not identify and test any controls over the accuracy and completeness of certain system-generated data or reports that were used in the operation of these controls. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The firm selected for testing various controls over revenue and inventory but did not identify and test any controls over the accuracy and completeness of certain system-generated data or reports that were used in the operation of these controls. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Foreign Currency Translation 10 AS 2301 8 The firm did not perform sufficient substantive procedures to test the issuer's foreign currency translation adjustments because the firm did not test the exchange rates that the issuer used in the translation of certain accounts. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 42 The firm selected for testing controls that consisted of the issuer's reviews of gross margins estimates of revenue deductions and customer shipments and invoices. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and/or the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 The firm selected for testing controls that consisted of the issuer's reviews of gross margins estimates of revenue deductions and customer shipments and invoices. The firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and/or the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review and approval of customer price changes. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the price changes and whether they were appropriately approved. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review and approval of customer price changes. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the price changes and whether they were appropriately approved. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The firm did not perform sufficient procedures to test these transactions because it did not test (1) whether the issuer had a valid contract with the customer and (2) the issuer's determination of the transaction price. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The firm did not perform sufficient procedures to test these transactions because it did not test (1) whether the issuer had a valid contract with the customer and (2) the issuer's determination of the transaction price. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of standard costs for its inventory items. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the standard costs included in the issuer's inventory system. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of standard costs for its inventory items. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the standard costs included in the issuer's inventory system. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 39 The firm did not identify and test any controls that addressed whether variances between actual and standard costs were appropriately calculated and recorded in the issuer's inventory system. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 39 The firm did not identify and test any controls over the completeness of the issuer's in-transit inventory. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 1105 10 For in-transit inventory and freight included in inventory the firm did not perform procedures to test or test any controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including its substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2305 16 For in-transit inventory and freight included in inventory the firm did not perform procedures to test or test any controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing including its substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Foreign Currency Translation 9 AS 2201 39 The firm did not identify and test any controls over the issuer's foreign currency translation adjustments. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 13 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · For certain contracts selected for testing the firm did not perform procedures to test whether the performance obligations had been satisfied before revenue was recognized beyond comparisons to issuer-produced reports and invoices. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 8 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · For certain contracts selected for testing the firm did not perform procedures to test whether the performance obligations had been satisfied before revenue was recognized beyond comparisons to issuer-produced reports and invoices. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2315 16 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm's sample sizes to test costs incurred and billings to customers were too small to provide sufficient appropriate audit evidence because in determining the sample sizes the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2315 23 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm's sample sizes to test costs incurred and billings to customers were too small to provide sufficient appropriate audit evidence because in determining the sample sizes the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2315 23A For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm's sample sizes to test costs incurred and billings to customers were too small to provide sufficient appropriate audit evidence because in determining the sample sizes the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 1105 10 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm used certain labor rates in its substantive testing of costs incurred but did not perform procedures to test or test any controls over the accuracy of these labor rates. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 1105 27 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm did not perform substantive procedures to test the occurrence of revenue or the existence of contract assets for contracts below the monetary threshold beyond performing the procedures to test a sample of costs incurred and billings to customers discussed above. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2301 13 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm did not perform substantive procedures to test the occurrence of revenue or the existence of contract assets for contracts below the monetary threshold beyond performing the procedures to test a sample of costs incurred and billings to customers discussed above. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2301 8 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · The firm did not perform substantive procedures to test the occurrence of revenue or the existence of contract assets for contracts below the monetary threshold beyond performing the procedures to test a sample of costs incurred and billings to customers discussed above. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 1105 4 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · For the analytical procedures over certain revenue the firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 1105 6 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · For the analytical procedures over certain revenue the firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2305 16 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · For the analytical procedures over certain revenue the firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 2305 21 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. The firm's substantive procedures to test this revenue and the related accounts included (1) selecting a sample of contracts that exceeded a monetary threshold (2) selecting a sample of costs incurred and billings to customers during the year and (3) performing analytical procedures. The following deficiencies were identified: · For the analytical procedures over certain other revenue the firm identified a difference in excess of the firm's established threshold but did not obtain any evidential matter to evaluate the difference. (AS 2305.21) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 2810 30 During the year the issuer acquired a business. The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 2810 31 During the year the issuer acquired a business. The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 19 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · For the first business unit the only control the firm selected for testing over the occurrence of revenue consisted of the issuer's reconciliation of the sales subledger to the general ledger and its review of this reconciliation. The firm did not evaluate whether the design of this control was sufficient to address the risks of material misstatement related to the occurrence of sales transactions in the sales subledger. (AS 2301.19) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 19 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · For the second business unit the firm selected for testing a control that consisted of the issuer's review of sales transactions included in the general ledger. The firm's testing of this control was not sufficient because the firm did not directly test the review procedures that the control owner performed. (AS 2301.19 .21 and .23) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 21 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · For the second business unit the firm selected for testing a control that consisted of the issuer's review of sales transactions included in the general ledger. The firm's testing of this control was not sufficient because the firm did not directly test the review procedures that the control owner performed. (AS 2301.19 .21 and .23) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 23 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · For the second business unit the firm selected for testing a control that consisted of the issuer's review of sales transactions included in the general ledger. The firm's testing of this control was not sufficient because the firm did not directly test the review procedures that the control owner performed. (AS 2301.19 .21 and .23) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 16 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 18 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2301 37 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2315 19 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2315 23 The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2315 23A The firm relied on controls it selected for testing in its approach to testing revenue at two of the issuer's business units. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test this revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiencies were identified: · For certain transactions selected for testing the firm did not perform any procedures to test whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiencies were identified: · For certain transactions selected for testing the firm did not perform any procedures to test whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiencies were identified: · For certain other transactions selected for testing the firm used issuer-produced data or information from external sources in its testing. The firm did not (1) test or test any controls over the accuracy and completeness of the issuer-produced data or (2) evaluate the reliability of the external information. (AS 1105.04 .06 and .10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiencies were identified: · For certain other transactions selected for testing the firm used issuer-produced data or information from external sources in its testing. The firm did not (1) test or test any controls over the accuracy and completeness of the issuer-produced data or (2) evaluate the reliability of the external information. (AS 1105.04 .06 and .10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiencies were identified: · For certain other transactions selected for testing the firm used issuer-produced data or information from external sources in its testing. The firm did not (1) test or test any controls over the accuracy and completeness of the issuer-produced data or (2) evaluate the reliability of the external information. (AS 1105.04 .06 and .10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The firm's substantive procedures to test revenue consisted of selecting a sample of transactions for testing. The following deficiencies were identified: · The firm did not evaluate whether the issuer (1) was acting as a principal or as an agent and (2) appropriately disclosed whether revenue was recognized at a point in time or over time. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 4 AS 2501 10 The issuer used forecasted cash flows in its assessment of certain amortizable intangible assets for possible impairment. The firm's approach for substantively testing the valuation of these intangible assets was to test the issuer's process. The following deficiencies were identified: · For one of the issuer's asset groups the firm did not evaluate whether the issuer's inclusion of expected cash flows from a certain product in its forecasted cash flows was in conformity with FASB ASC Topic 360 Property Plant and Equipment. (AS 2501.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 5 AS 2501 16 The issuer used forecasted cash flows in its assessment of certain amortizable intangible assets for possible impairment. The firm's approach for substantively testing the valuation of these intangible assets was to test the issuer's process. The following deficiencies were identified: · For one of the issuer's asset groups the firm did not evaluate the reasonableness of the significant assumptions the issuer used related to the expected cash flows from this product beyond obtaining evidence from an external party that this product was under development. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 6 AS 1105 10 The issuer used forecasted cash flows in its assessment of certain amortizable intangible assets for possible impairment. The firm's approach for substantively testing the valuation of these intangible assets was to test the issuer's process. The following deficiencies were identified: · For the other asset groups the firm used an issuer-prepared spreadsheet in its substantive testing of the issuer's allocation of historical revenue to these asset groups. The firm did not test or test any controls over the accuracy of this spreadsheet. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 7 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain required disclosures under FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 7 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain required disclosures under FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to inventory. The firm selected for testing an automated control that used data generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of IT general controls the firm's testing of this automated control was not sufficient. (AS 2201.46) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 1105 10 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to inventory. The firm selected for testing an automated control that used data generated or maintained by these IT systems. · The firm selected for testing two controls over change management and one control over transaction processing within these IT systems. The firm did not evaluate whether user access to perform the control over transaction processing was appropriately restricted for one of these IT systems. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to inventory. The firm selected for testing an automated control that used data generated or maintained by these IT systems. · The firm selected for testing a control over user access to these IT systems but did not perform procedures to test or test any controls over the accuracy and completeness of certain reports that the firm used in its testing. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to inventory. The firm selected for testing an automated control that used data generated or maintained by these IT systems. · The firm selected for testing a control over user access to these IT systems but did not perform procedures to test or test any controls over the accuracy and completeness of certain reports that the firm used in its testing. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 1105 10 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The issuer used multiple information-technology (IT) systems to initiate process and record transactions related to inventory. The firm selected for testing an automated control that used data generated or maintained by these IT systems. · The firm selected for testing two controls over change management and one control over transaction processing within these IT systems. The firm did not perform any procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing these controls. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 39 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm did not identify and test any controls that addressed the risk related to the accuracy and completeness of data transferred from the issuer's inventory subledger to the general ledger. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 39 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm selected for testing controls over the calculation of the issuer's excess and obsolete inventory reserve and inventory unit costs. The firm did not identify and test any controls over the accuracy and completeness of certain system-generated data or reports that were used in the operation of these controls. (AS 2201.39) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2301 16 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2301 18 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2301 37 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2315 19 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2315 23 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2315 23A The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The sample size the firm used in certain of its substantive procedures to test inventory was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 1105 10 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures to test the valuation of inventory as follows: · The firm did not perform procedures to test or test any controls over the accuracy and/or completeness of certain system-generated data or reports that the firm used in its substantive testing. (AS 1105.10) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 9 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. During the year the issuer acquired a business. The firm selected for testing controls that consisted of the issuer's reviews of the fair values of tangible assets acquired and liabilities assumed. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the fair values of certain of these tangible assets acquired and liabilities assumed. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 9 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. During the year the issuer acquired a business. The firm selected for testing controls that consisted of the issuer's reviews of the fair values of tangible assets acquired and liabilities assumed. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the fair values of certain of these tangible assets acquired and liabilities assumed. (AS 2201.42 and .44) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 1 AS 2501 16 The firm's approach for substantively testing the allowance for loan losses (ALL) was to test the issuer's process. The following deficiencies were identified: · For loans that were collectively evaluated for impairment the issuer determined the qualitative reserve component of the ALL using various qualitative factors. The firm did not evaluate whether the issuer had a reasonable basis for the significant assumptions the issuer used to develop these qualitative factors. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Significant Risk 2 AS 2501 16 The firm's approach for substantively testing the allowance for loan losses (ALL) was to test the issuer's process. The following deficiencies were identified: · The issuer also reported an unallocated reserve component of the ALL. The firm did not evaluate the reasonableness of the significant assumptions the issuer used to develop this component. (AS 2501.16) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Payroll Expenses 1 AS 2301 8 The issuer used a service organization to process and record transactions related to payroll expense and the firm used a report produced by the service organization in its substantive testing. The firm did not perform any procedures that addressed the accuracy and completeness of this report. (AS 2301.08) Annually Inspected 23 Baker Tilly US, LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Operating Expenses 1 AS 2301 8 The issuer included payroll costs as a component of various operating expenses it reported. The firm did not perform any substantive procedures to test whether the issuer had appropriately classified these payroll costs. (AS 2301.08) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 1 AS 2810 30 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 606 Revenue from Contracts with Customers related to significant payment terms. (AS 2810.30 and .31) In connection with our review the issuer reevaluated this disclosure and concluded that a misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 1 AS 2810 31 The firm did not identify and evaluate the issuer's omission of a required disclosure under FASB ASC Topic 606 Revenue from Contracts with Customers related to significant payment terms. (AS 2810.30 and .31) In connection with our review the issuer reevaluated this disclosure and concluded that a misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 2 AS 2810 30 For one type of revenue the issuer determined that it was the agent in the arrangements with its customers and recognized revenue on a net basis. The firm did not identify and evaluate a misstatement in the issuer's disclosures related to this revenue in which the issuer disclosed it was the principal and recognized revenue on a gross basis. (AS 2810.30 and .31) In connection with our review the issuer reevaluated this disclosure and concluded that a misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 2 AS 2810 31 For one type of revenue the issuer determined that it was the agent in the arrangements with its customers and recognized revenue on a net basis. The firm did not identify and evaluate a misstatement in the issuer's disclosures related to this revenue in which the issuer disclosed it was the principal and recognized revenue on a gross basis. (AS 2810.30 and .31) In connection with our review the issuer reevaluated this disclosure and concluded that a misstatement existed that had not been previously identified. The issuer subsequently corrected this misstatement in a restatement of its financial statements. Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 3 AS 2301 13 For another type of revenue the firm did not perform any substantive procedures beyond reading an issuer-prepared memorandum to evaluate whether the issuer's recognition of this revenue and related disclosure was in conformity with FASB ASC Topic 606. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 3 AS 2301 8 For another type of revenue the firm did not perform any substantive procedures beyond reading an issuer-prepared memorandum to evaluate whether the issuer's recognition of this revenue and related disclosure was in conformity with FASB ASC Topic 606. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 4 AS 2301 13 For both types of revenue at one of the issuer's business units the firm did not perform any procedures to test whether the performance obligation had been satisfied when revenue was recognized for certain transactions that the firm selected for testing. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue Fraud Risk 4 AS 2301 8 For both types of revenue at one of the issuer's business units the firm did not perform any procedures to test whether the performance obligation had been satisfied when revenue was recognized for certain transactions that the firm selected for testing. (AS 2301.08 and .13) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 5 AS 1105 A8b During the year the issuer acquired two businesses and determined the fair values of certain acquired intangible assets using cash-flow forecasts. For one business combination the issuer engaged a specialist to determine the fair values of certain acquired intangible assets and contingent consideration. The firm's approach for substantively testing the fair values of these intangible assets and the contingent consideration was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist or the issuer and used by the company's specialist including not sufficiently taking into account the issuer's intent and ability to carry out the cash-flow forecasts that assumed significant revenue growth because its procedures were limited to inquiring of management comparing these assumptions to historical financial information and for the first year of the cash-flow forecasts using historical financial information to corroborate management's explanations for certain differences between these assumptions and actual results. (AS 1105.A8b; AS 2501.16 and .17) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 5 AS 2501 16 During the year the issuer acquired two businesses and determined the fair values of certain acquired intangible assets using cash-flow forecasts. For one business combination the issuer engaged a specialist to determine the fair values of certain acquired intangible assets and contingent consideration. The firm's approach for substantively testing the fair values of these intangible assets and the contingent consideration was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist or the issuer and used by the company's specialist including not sufficiently taking into account the issuer's intent and ability to carry out the cash-flow forecasts that assumed significant revenue growth because its procedures were limited to inquiring of management comparing these assumptions to historical financial information and for the first year of the cash-flow forecasts using historical financial information to corroborate management's explanations for certain differences between these assumptions and actual results. (AS 1105.A8b; AS 2501.16 and .17) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 5 AS 2501 17 During the year the issuer acquired two businesses and determined the fair values of certain acquired intangible assets using cash-flow forecasts. For one business combination the issuer engaged a specialist to determine the fair values of certain acquired intangible assets and contingent consideration. The firm's approach for substantively testing the fair values of these intangible assets and the contingent consideration was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions developed by the company's specialist or the issuer and used by the company's specialist including not sufficiently taking into account the issuer's intent and ability to carry out the cash-flow forecasts that assumed significant revenue growth because its procedures were limited to inquiring of management comparing these assumptions to historical financial information and for the first year of the cash-flow forecasts using historical financial information to corroborate management's explanations for certain differences between these assumptions and actual results. (AS 1105.A8b; AS 2501.16 and .17) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 6 AS 1105 10 During the year the issuer acquired two businesses and determined the fair values of certain acquired intangible assets using cash-flow forecasts. For one business combination the issuer engaged a specialist to determine the fair values of certain acquired intangible assets and contingent consideration. The firm's approach for substantively testing the fair values of these intangible assets and the contingent consideration was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the accuracy and completeness of the historical financial information that (1) it used in evaluating the reasonableness of the significant assumptions discussed above and (2) the company's specialist used in determining the fair value of the contingent consideration. (AS 1105.10 and .A8a) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 6 AS 1105 A8a During the year the issuer acquired two businesses and determined the fair values of certain acquired intangible assets using cash-flow forecasts. For one business combination the issuer engaged a specialist to determine the fair values of certain acquired intangible assets and contingent consideration. The firm's approach for substantively testing the fair values of these intangible assets and the contingent consideration was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the accuracy and completeness of the historical financial information that (1) it used in evaluating the reasonableness of the significant assumptions discussed above and (2) the company's specialist used in determining the fair value of the contingent consideration. (AS 1105.10 and .A8a) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 7 AS 2810 30 For both business combinations the firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations and FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to these business combinations and determined that certain disclosures were omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Business Combinations Significant Risk 7 AS 2810 31 For both business combinations the firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations and FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its disclosures related to these business combinations and determined that certain disclosures were omitted. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer corrected these omissions in a subsequent filing. Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 16 The issuer recognized revenue from a contract over time based on costs incurred to date relative to total estimated costs to complete. The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumptions that the issuer used to develop the estimated costs to complete this contract beyond inquiring of project managers. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 2501 7 The issuer performed a qualitative assessment of possible impairment for one intangible asset and a quantitative assessment of possible impairment for another intangible asset. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the issuer's quantitative assessment beyond reading an issuer-prepared memorandum and inquiring of issuer personnel. (AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2301 11 The issuer performed a qualitative assessment of possible impairment for one intangible asset and a quantitative assessment of possible impairment for another intangible asset. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the issuer's quantitative assessment beyond reading an issuer-prepared memorandum and inquiring of issuer personnel. (AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2301 8 The issuer performed a qualitative assessment of possible impairment for one intangible asset and a quantitative assessment of possible impairment for another intangible asset. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the issuer's quantitative assessment beyond reading an issuer-prepared memorandum and inquiring of issuer personnel. (AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 2810 3 The issuer performed a qualitative assessment of possible impairment for one intangible asset and a quantitative assessment of possible impairment for another intangible asset. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the issuer's quantitative assessment beyond reading an issuer-prepared memorandum and inquiring of issuer personnel. (AS 2501.07) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 2501 16 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions that the issuer used in these cash-flow forecasts. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions that the issuer used in these cash-flow forecasts including not sufficiently taking into account the issuer's intent and ability to carry out these cash-flow forecasts because its procedures were limited to comparing these assumptions to historical financial information and reading a purchase commitment agreement for one customer. (AS 2501.16 and .17) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 2501 17 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions that the issuer used in these cash-flow forecasts including not sufficiently taking into account the issuer's intent and ability to carry out these cash-flow forecasts because its procedures were limited to comparing these assumptions to historical financial information and reading a purchase commitment agreement for one customer. (AS 2501.16 and .17) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 1 AS 1105 A8a During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired assets including certain intangible assets. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of the external data that the company's specialist used to determine the fair values of these intangible assets. (AS 1105.A8a) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 1105 A8b During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired assets including certain intangible assets. The following deficiencies were identified: Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to determine the fair values of the acquired assets including certain intangible assets. The following deficiencies were identified: Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2501 16 The issuer recognized revenue from certain contracts over time based on costs incurred to date relative to total estimated costs to complete. The firm did not perform any substantive procedures to evaluate the reasonableness of the significant assumptions that the issuer used to develop the estimated costs to complete the contracts that the firm selected for testing. (AS 2501.16) Annually Inspected 100 WithumSmith+Brown, PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2305 16 The firm's substantive procedures to test certain revenue consisted of performing substantive analytical procedures. The firm used data produced by the issuer to develop its expectations but did not test or test controls over the accuracy and completeness of certain of these data. (AS 2305.16) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Going Concern 1 AS 2415 3 The firm did not evaluate certain conditions and events that were present at the issuer prior to the issuance of the financial statements that indicated that there could be substantial doubt about the issuer's ability to continue as a going concern for a reasonable period of time. (AS 2415.03) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 2 AS 2810 30 The firm did not identify and evaluate that the issuer's presentation of certain debt as long term was not in conformity with FASB ASC Topic 470 Debt. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 2 AS 2810 31 The firm did not identify and evaluate that the issuer's presentation of certain debt as long term was not in conformity with FASB ASC Topic 470 Debt. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 3 AS 2810 30 The firm did not identify and evaluate a misstatement in the issuer's disclosures under FASB ASC Subtopic 860-30 Transfers and Servicing – Secured Borrowing and Collateral related to the carrying amount of its assets pledged as collateral. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 3 AS 2810 31 The firm did not identify and evaluate a misstatement in the issuer's disclosures under FASB ASC Subtopic 860-30 Transfers and Servicing – Secured Borrowing and Collateral related to the carrying amount of its assets pledged as collateral. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 4 AS 2301 8 The firm did not perform any substantive procedures to test the issuer's presentation and disclosure of its unused financing arrangements. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2201 39 The firm did not identify and test any controls over the issuer's amortization of premiums and accretion of discounts on its investment securities. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2301 8 The firm did not perform any substantive procedures to test the issuer's amortization of premiums and accretion of discounts on these investment securities. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2201 39 The firm did not identify and test any controls over the issuer's (1) classification of certain investment securities and (2) evaluation of whether certain other investment securities were impaired. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 8 AS 2301 8 The firm did not perform any substantive procedures to test the (1) issuer's classification of certain investment securities and (2) whether certain other investment securities were impaired. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 1 AS 2810 30 Certain of the issuer's debt was collateralized by the issuer's loans and investment securities that were held in custody by the lending party. As of the current year end the issuer disclosed information related to assets pledged as collateral for this debt and amended its prior-year comparative disclosure. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of required disclosures related to (1) the carrying amount of its assets pledged as collateral as of the current year end under FASB ASC Subtopic 860-30 and (2) the amendment of its assets pledged as collateral as of the prior year end under FASB ASC Topic 250 Accounting Changes and Error Corrections (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 1 AS 2810 31 Certain of the issuer's debt was collateralized by the issuer's loans and investment securities that were held in custody by the lending party. As of the current year end the issuer disclosed information related to assets pledged as collateral for this debt and amended its prior-year comparative disclosure. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of required disclosures related to (1) the carrying amount of its assets pledged as collateral as of the current year end under FASB ASC Subtopic 860-30 and (2) the amendment of its assets pledged as collateral as of the prior year end under FASB ASC Topic 250 Accounting Changes and Error Corrections (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 2 AS 1105 10 Certain of the issuer's debt was collateralized by the issuer's loans and investment securities that were held in custody by the lending party. As of the current year end the issuer disclosed information related to assets pledged as collateral for this debt and amended its prior-year comparative disclosure. The following deficiencies were identified: · The firm used certain information provided by the issuer to test the loans pledged as collateral but did not perform any procedures to test or test any controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2201 39 The firm selected for testing a control that consisted of the issuer's review of certain assumptions used to estimate the quantitative component of the allowance for credit losses (ACL) but did not identify and test any controls over the accuracy and completeness of an issuer-prepared analysis that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2201 42 The firm identified and tested a control that consisted of the issuer's review of the allowance for credit losses (ACL) including a comparison of certain metrics between the issuer and its peers. The firm did not evaluate the specific review procedures that the control owner performed to determine which peers to select for comparison. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2201 44 The firm identified and tested a control that consisted of the issuer's review of the allowance for credit losses (ACL) including a comparison of certain metrics between the issuer and its peers. The firm did not evaluate the specific review procedures that the control owner performed to determine which peers to select for comparison. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2201 42 The firm identified and tested a control that consisted of the issuer's review of the allowance for credit losses (ACL) including a comparison of certain metrics between the issuer and its peers. The firm did not test the aspects of this control that addressed the accuracy and completeness of the peer information that the control owner used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 5 AS 2201 44 The firm identified and tested a control that consisted of the issuer's review of the allowance for credit losses (ACL) including a comparison of certain metrics between the issuer and its peers. The firm did not test the aspects of this control that addressed the accuracy and completeness of the peer information that the control owner used in the operation of this control. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 2201 39 The firm did not identify and test any controls over the issuer's valuation and presentation and disclosure of certain investment securities. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 7 AS 2501 7 The firm did not perform any substantive procedures to test the valuation of these investment securities. (AS 2501.07) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 8 AS 2301 8 The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of these investment securities within the fair value hierarchy set forth in FASB ASC Topic 820 Fair Value Measurement beyond tracing the balances that were disclosed for each category to issuer-prepared schedules. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The firm did not identify and test any controls over the reasonableness of the methods and assumptions the issuer used to value these securities. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2201 39 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The firm did not identify and test any controls over the observability of the pricing inputs at the individual instrument level that the issuer used to determine the categorization of these securities within the fair value hierarchy as set forth in FASB ASC Topic 820. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2301 8 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of these securities within the fair value hierarchy beyond tracing the balances that were disclosed for each category to issuer-prepared schedules. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2301 16 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the valuation of these investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2301 18 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the valuation of these investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2301 37 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the valuation of these investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2315 19 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the valuation of these investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2315 23 The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the valuation of these investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2315 23A The issuer recorded the fair values of certain of its available-for-sale (AFS) securities based on broker quotes. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the valuation of these investment securities was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 5 AS 2201 39 The issuer disclosed (1) the lowest available credit rating by security type for its held-to-maturity securities and (2) the size and maturity date of certain deposit liabilities. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the issuer-prepared schedules used to develop these disclosures. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 5 AS 2201 39 The issuer disclosed (1) the lowest available credit rating by security type for its held-to-maturity securities and (2) the size and maturity date of certain deposit liabilities. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the issuer-prepared schedules used to develop these disclosures. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Deposit Liabilities 6 AS 1105 10 The issuer disclosed (1) the lowest available credit rating by security type for its held-to-maturity securities and (2) the size and maturity date of certain deposit liabilities. The following deficiencies were identified: · The firm used these issuer-prepared schedules in its testing of these disclosures but did not perform any procedures to test or test controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 6 AS 1105 10 The issuer disclosed (1) the lowest available credit rating by security type for its held-to-maturity securities and (2) the size and maturity date of certain deposit liabilities. The following deficiencies were identified: · The firm used these issuer-prepared schedules in its testing of these disclosures but did not perform any procedures to test or test controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2810 30 The issuer reduced the number of its reporting units in the current year and reallocated the goodwill balance to the remaining reporting units based on their relative fair values. The following deficiencies were identified: · The firm did not identify and evaluate that this reallocation was not in conformity with FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its allocation of goodwill to its reporting units and determined that an error existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer adjusted this allocation in a subsequent filing. Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 1 AS 2810 31 The issuer reduced the number of its reporting units in the current year and reallocated the goodwill balance to the remaining reporting units based on their relative fair values. The following deficiencies were identified: · The firm did not identify and evaluate that this reallocation was not in conformity with FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) In connection with our review the issuer reevaluated its allocation of goodwill to its reporting units and determined that an error existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer adjusted this allocation in a subsequent filing. Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2301 8 The issuer reduced the number of its reporting units in the current year and reallocated the goodwill balance to the remaining reporting units based on their relative fair values. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate whether the goodwill associated with any of the previous reporting units may have been impaired at the time of the issuer's reduction in the number of reporting units because its procedures were limited to reading an issuer-prepared memorandum and inquiring of management. (AS 2301.08) In connection with our review the issuer reevaluated its allocation of goodwill to its reporting units and determined that an error existed that had not been previously identified. The issuer did not file an amended Form 10-K or Form 8-K indicating that its previously issued financial statements should not be relied on. Instead the issuer adjusted this allocation in a subsequent filing. Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 3 AS 2201 42 The issuer used an internally developed model to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's annual validation of this model as of an interim date. The firm did not evaluate whether this control's operation six months prior to year end was sufficient to address the risks of material misstatement at year end. (AS 2201.42) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 1201 C6 The issuer used an internally developed model to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. The following deficiencies were identified: · The firm's approach for substantively testing the quantitative component of the ACL for loans collectively evaluated for impairment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions used by the issuer. The firm did not sufficiently evaluate whether the methods used by the issuer were appropriate because the firm did not identify that the auditor-employed specialist did not perform any procedures to test the issuer's model at year end. (AS 1201.C6 and .C7; AS 2501.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 1201 C7 The issuer used an internally developed model to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. The following deficiencies were identified: · The firm's approach for substantively testing the quantitative component of the ACL for loans collectively evaluated for impairment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions used by the issuer. The firm did not sufficiently evaluate whether the methods used by the issuer were appropriate because the firm did not identify that the auditor-employed specialist did not perform any procedures to test the issuer's model at year end. (AS 1201.C6 and .C7; AS 2501.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Credit Losses Significant Risk 4 AS 2501 10 The issuer used an internally developed model to estimate the quantitative component of the ACL for loans collectively evaluated for impairment. The following deficiencies were identified: · The firm's approach for substantively testing the quantitative component of the ACL for loans collectively evaluated for impairment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate the methods and significant assumptions used by the issuer. The firm did not sufficiently evaluate whether the methods used by the issuer were appropriate because the firm did not identify that the auditor-employed specialist did not perform any procedures to test the issuer's model at year end. (AS 1201.C6 and .C7; AS 2501.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 68 The firm identified a control deficiency related to the review of the prices the issuer used to recognize revenue for certain locations. The firm identified compensating controls that it believed would mitigate this deficiency but did not test these controls. (AS 2201.68) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2201 68 The firm identified various control deficiencies related to inventory. The firm identified and tested compensating controls that it believed would mitigate certain of these deficiencies but did not identify that these controls were dependent on the operating effectiveness of the deficient controls. (AS 2201.68) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm did not identify and test any controls related to certain revenue disclosures. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 The firm did not perform any substantive procedures to test these revenue disclosures. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 The firm did not identify and test any controls over sales allowances. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 8 The firm did not perform any substantive procedures to test sales allowances. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 39 The firm did not identify and test any controls over the issuer's evaluation of the lower of cost or net realizable value for certain inventory. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2301 8 The firm did not perform any substantive procedures to test whether this inventory was recorded at the lower of cost or net realizable value. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2201 39 The firm did not identify and test any controls over the issuer's allocation of labor and overhead costs to inventory. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2301 8 The firm did not perform any substantive procedures to test whether the labor and overhead costs the issuer capitalized to inventory were appropriate. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer recognized revenue from certain contracts as single performance obligations satisfied over time. With respect to the issuer's revenue recognition: The firm did not identify and test any controls over the issuer's identification and evaluation of contract terms with its customers that could affect revenue recognition. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 The issuer recognized revenue from certain contracts as single performance obligations satisfied over time. With respect to the issuer's revenue recognition: The firm did not perform any substantive procedures to evaluate the issuer's contract terms with its customers to determine whether the issuer recognized this revenue in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer recognized revenue from certain contracts as single performance obligations satisfied over time. With respect to the issuer's disclosures of its unsatisfied performance obligations: The firm did not identify and test any controls over the issuer's identification and evaluation of contracts that could be cancelled by the customer which could affect the issuer's disclosures of unsatisfied performance obligations. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 8 The issuer recognized revenue from certain contracts as single performance obligations satisfied over time. With respect to the issuer's disclosures of its unsatisfied performance obligations: The firm did not perform any substantive procedures to identify whether the issuer's contracts could be cancelled by the customer and evaluate the effect of those contract terms to determine whether the issuer's disclosures of unsatisfied performance obligations were in conformity with FASB ASC Topic 606. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Segment Reporting 5 AS 2201 42 The firm selected for testing a control that included the issuer's review of its segment disclosures but did not test the aspect of the control that addressed the accuracy and completeness of the issuer-prepared schedules used to prepare these disclosures. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Segment Reporting 5 AS 2201 44 The firm selected for testing a control that included the issuer's review of its segment disclosures but did not test the aspect of the control that addressed the accuracy and completeness of the issuer-prepared schedules used to prepare these disclosures. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Segment Reporting 6 AS 2810 30 The firm did not identify and evaluate certain misstatements in a required disclosure under FASB ASC Topic 280 Segment Reporting. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Segment Reporting 6 AS 2810 31 The firm did not identify and evaluate certain misstatements in a required disclosure under FASB ASC Topic 280 Segment Reporting. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether certain of these codes were appropriately assigned by the IT system. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether certain of these codes were appropriately assigned by the IT system. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of revenue transactions that exceeded a monetary threshold but did not evaluate whether this threshold was sufficiently precise to detect misstatements that could be material. (AS 2201.42) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of revenue transactions that exceeded a monetary threshold but did not evaluate whether this threshold was sufficiently precise to detect misstatements that could be material. (AS 2201.42) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 42 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether the amount to be recorded as revenue was appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 44 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether the amount to be recorded as revenue was appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether the amount to be recorded as revenue was appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The issuer used an information-technology (IT) system to process transactions related to revenue that automatically assigned predefined codes to each transaction. These codes were used by the issuer's system to determine revenue and certain related adjustments. The following deficiencies were identified: · The firm did not evaluate the specific review procedures that the control owners performed to determine whether the amount to be recorded as revenue was appropriate. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 39 The firm did not identify and test any controls over the accounts receivable allowance and bad debt expense. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2301 8 The firm did not perform any substantive procedures to test the accounts receivable allowance and bad debt expense. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The issuer disclosed various information about its investment securities that were in unrealized loss positions at year end. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the issuer-prepared schedules used to develop this disclosure. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 1105 10 The issuer disclosed various information about its investment securities that were in unrealized loss positions at year end. The following deficiencies were identified: · The firm used these issuer-prepared schedules in its testing of this disclosure but did not perform any procedures to test or test controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2810 30 The issuer disclosed various information about its investment securities that were in unrealized loss positions at year end. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in this disclosure. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2810 31 The issuer disclosed various information about its investment securities that were in unrealized loss positions at year end. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in this disclosure. (AS 2810.30 and .31) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 42 The issuer recorded most of its AFS securities at fair value based on prices including broker quotes it obtained from external pricing services. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's evaluation of the appropriateness of the methods and assumptions used by the external pricing services. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the methods and assumptions underlying broker quotes obtained from the pricing services. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 44 The issuer recorded most of its AFS securities at fair value based on prices including broker quotes it obtained from external pricing services. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's evaluation of the appropriateness of the methods and assumptions used by the external pricing services. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of the methods and assumptions underlying broker quotes obtained from the pricing services. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2201 39 The issuer recorded most of its AFS securities at fair value based on prices including broker quotes it obtained from external pricing services. The following deficiencies were identified: · The firm did not identify and test any controls over the observability of the pricing inputs related to broker-priced AFS securities at the individual instrument level that the issuer used to determine the categorization of these AFS securities within the fair value hierarchy as set forth in FASB ASC Topic 820. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2301 8 The issuer recorded most of its AFS securities at fair value based on prices including broker quotes it obtained from external pricing services. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of these AFS securities within the fair value hierarchy beyond tracing the balances that were disclosed for each category to issuer-prepared schedules. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A I No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 39 For AFS securities for which prices could not be obtained the issuer used the original purchase price to approximate fair value. The firm did not identify and test any controls that addressed whether the issuer's use of purchase price was an appropriate approximation of fair value for these AFS securities. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 1 AS 2201 42 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the fair values of these investments. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assumptions that the issuer used to determine the fair values including the relevance of certain external market data. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 1 AS 2201 44 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the fair values of these investments. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the assumptions that the issuer used to determine the fair values including the relevance of certain external market data. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 2 AS 2301 16 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the valuation of these investments were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 2 AS 2301 18 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the valuation of these investments were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 2 AS 2301 37 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the valuation of these investments were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 2 AS 2315 19 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the valuation of these investments were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 2 AS 2315 23 The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the valuation of these investments were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Fraud Risk 2 AS 2315 23A The issuer held certain investments in portfolio companies that were categorized as level 3 within the fair value hierarchy as set forth in FASB ASC Topic 820. The following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test the valuation of these investments were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 68 The issuer valued inventory for one of its segments using the last-in first-out (LIFO) method and determined its quarterly LIFO adjustments based on the LIFO inventory balances for each of its inventory categories. The following deficiencies were identified: · The firm identified a control deficiency related to the issuer's quarterly review of the LIFO adjustment for each inventory category. The firm identified and tested a compensating control that it believed mitigated this deficiency but did not identify that this compensating control did not operate at the inventory-category level and involved the review of gross margins before they were adjusted for LIFO. (AS 2201.68) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2305 13 The issuer valued inventory for one of its segments using the last-in first-out (LIFO) method and determined its quarterly LIFO adjustments based on the LIFO inventory balances for each of its inventory categories. The following deficiencies were identified: · The firm's substantive procedures to test the issuer's year-end LIFO adjustment consisted of performing substantive analytical procedures. The firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2305 14 The issuer valued inventory for one of its segments using the last-in first-out (LIFO) method and determined its quarterly LIFO adjustments based on the LIFO inventory balances for each of its inventory categories. The following deficiencies were identified: · The firm's substantive procedures to test the issuer's year-end LIFO adjustment consisted of performing substantive analytical procedures. The firm did not determine whether the expectations it used in these analytical procedures were based on predictable relationships. (AS 2305.13 and .14) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2305 17 The issuer valued inventory for one of its segments using the last-in first-out (LIFO) method and determined its quarterly LIFO adjustments based on the LIFO inventory balances for each of its inventory categories. The following deficiencies were identified: · The firm's substantive procedures to test the issuer's year-end LIFO adjustment consisted of performing substantive analytical procedures. The expectations the firm used were not sufficiently precise to identify differences that could be potential material misstatements individually or in the aggregate because the data used to develop the expectations did not address the issuer's determination of LIFO adjustments at the inventory-category level. (AS 2305.17) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer disclosed the aggregate amount of transaction prices allocated to unsatisfied performance obligations and during the year made modifications to certain existing contracts that resulted in a change in the time frame for a performance obligation to be satisfied. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of the issuer-prepared schedules used to develop the disclosure of unsatisfied performance obligations. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer disclosed the aggregate amount of transaction prices allocated to unsatisfied performance obligations and during the year made modifications to certain existing contracts that resulted in a change in the time frame for a performance obligation to be satisfied. The following deficiencies were identified: · The firm used these issuer-prepared schedules in its testing of this disclosure but did not perform any procedures to test or test any controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A L No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 The issuer disclosed the aggregate amount of transaction prices allocated to unsatisfied performance obligations and during the year made modifications to certain existing contracts that resulted in a change in the time frame for a performance obligation to be satisfied. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the modifications to certain existing contracts to determine whether the issuer's disclosures of unsatisfied performance obligations were in conformity with FASB ASC Topic 606. (AS 2301.08) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 42 The issuer designated certain instruments as net investment hedges under FASB ASC Topic 815 Derivatives and Hedging. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of its hedge accounting but did not evaluate the specific review procedures that the control owner performed over the accuracy and completeness of the issuer-prepared schedules used to evaluate the hedge accounting. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 1 AS 2201 44 The issuer designated certain instruments as net investment hedges under FASB ASC Topic 815 Derivatives and Hedging. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of its hedge accounting but did not evaluate the specific review procedures that the control owner performed over the accuracy and completeness of the issuer-prepared schedules used to evaluate the hedge accounting. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Derivatives 2 AS 2305 16 The issuer designated certain instruments as net investment hedges under FASB ASC Topic 815 Derivatives and Hedging. The following deficiencies were identified: · The firm's substantive procedures to test these net investment hedges consisted of substantive analytical procedures. The firm used data produced by the issuer to develop its expectations but did not test or test any controls over the accuracy and completeness of these data. (AS 2305.16) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2201 39 The issuer disclosed various information about its investment securities that were in unrealized loss positions at year end. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of this disclosure but did not identify and test any controls over the accuracy and completeness of the data that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 1105 10 The issuer disclosed various information about its investment securities that were in unrealized loss positions at year end. The following deficiencies were identified: · The firm used these data in its substantive testing of this disclosure but did not perform any procedures to test or test any controls over the accuracy of these data. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used two internally developed IT systems to process transactions related to certain revenue. In its testing of controls over this revenue the firm tested various automated controls that used data generated or maintained by these IT systems. As a result of deficiencies in the firm's testing of IT general controls the firm's testing of these automated controls was not sufficient. (AS 2201.46) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used two internally developed IT systems to process transactions related to certain revenue. In its testing of controls over this revenue the firm tested various automated controls that used data generated or maintained by these IT systems. With respect to change management: · The firm selected for testing controls over change management for these IT systems but did not perform any procedures to determine whether the population of changes from which it made its selections for testing represented the complete population of changes made to these systems. (AS 1105.10) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used two internally developed IT systems to process transactions related to certain revenue. In its testing of controls over this revenue the firm tested various automated controls that used data generated or maintained by these IT systems. With respect to change management: · Thefirm selected for testing a control that consisted of the review of segregation of duties for these IT systems. The firm did not test beyond inquiry the aspect of the control that addressed whether certain users with the ability to develop changes also had the ability to implement those changes. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The issuer used two internally developed IT systems to process transactions related to certain revenue. In its testing of controls over this revenue the firm tested various automated controls that used data generated or maintained by these IT systems. With respect to change management: · Thefirm selected for testing a control that consisted of the review of segregation of duties for these IT systems. The firm did not test beyond inquiry the aspect of the control that addressed whether certain users with the ability to develop changes also had the ability to implement those changes. (AS 2201.42 and .44) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 16 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 18 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2301 37 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 19 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23 The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2315 23A The firm's internal inspection program had inspected this audit and reviewed this area but did not identify the deficiencies below. The sample size that the firm used in certain of its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used two IT systems to initiate process and record transactions related to one type of revenue. The firm tested automated controls that used certain data that were input into these systems but did not identify and test any controls that addressed the accuracy and completeness of these data. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer recognized certain of this revenue upon delivery based on the delivery dates that were manually entered into the system. The firm did not identify and test any controls that addressed the accuracy and completeness of those delivery dates. (AS 2201.39) Annually Inspected 185 KPMG LLP 2023 United States KPMG International Cooperative 2024-06-20T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The firm used certain data from these systems in its substantive testing of this revenue but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Long-Lived Assets Significant Risk 1 AS 2810 30 The issuer performed an assessment of its long-lived assets for possible impairment at year end using various significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process. The following deficiencies were identified: · The firm did not identify and evaluate that the issuer did not comply with FASB ASC Topic 350 Intangibles – Goodwill and Other and FASB ASC Topic 360 Property Plant and Equipment because the issuer performed its impairment assessment of goodwill prior to performing its assessment of long-lived assets for possible impairment. (AS 2810.30) In connection with our review the issuer reevaluated its assessment of long-lived assets for possible impairment and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Long-Lived Assets Significant Risk 2 AS 2501 16 The issuer performed an assessment of its long-lived assets for possible impairment at year end using various significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions including taking into account factors affecting the issuer's intent and ability to carry out these assumptions because its procedures were limited to inquiring of management and evaluating the assumptions for consistency with recent experience. (AS 2501.16 and .17) In connection with our review the issuer reevaluated its assessment of long-lived assets for possible impairment and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Long-Lived Assets Significant Risk 2 AS 2501 17 The issuer performed an assessment of its long-lived assets for possible impairment at year end using various significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions including taking into account factors affecting the issuer's intent and ability to carry out these assumptions because its procedures were limited to inquiring of management and evaluating the assumptions for consistency with recent experience. (AS 2501.16 and .17) In connection with our review the issuer reevaluated its assessment of long-lived assets for possible impairment and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Long-Lived Assets Significant Risk 3 AS 1105 4 The issuer performed an assessment of its long-lived assets for possible impairment at year end using various significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions because its procedures were limited to evaluating the assumptions for consistency with certain industry information. Further the firm did not perform procedures to evaluate the relevance and reliability of this industry information. (AS 1105.04 and .06; AS 2501.16) In connection with our review the issuer reevaluated its assessment of long-lived assets for possible impairment and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Long-Lived Assets Significant Risk 3 AS 1105 6 The issuer performed an assessment of its long-lived assets for possible impairment at year end using various significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions because its procedures were limited to evaluating the assumptions for consistency with certain industry information. Further the firm did not perform procedures to evaluate the relevance and reliability of this industry information. (AS 1105.04 and .06; AS 2501.16) In connection with our review the issuer reevaluated its assessment of long-lived assets for possible impairment and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Long-Lived Assets Significant Risk 3 AS 2501 16 The issuer performed an assessment of its long-lived assets for possible impairment at year end using various significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions because its procedures were limited to evaluating the assumptions for consistency with certain industry information. Further the firm did not perform procedures to evaluate the relevance and reliability of this industry information. (AS 1105.04 and .06; AS 2501.16) In connection with our review the issuer reevaluated its assessment of long-lived assets for possible impairment and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Journal Entries Fraud Risk 4 AS 2401 58 The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. The firm did not perform any substantive procedures to test journal entries to address this risk at certain business units. (AS 2401.58) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used several information-technology (IT) systems to process and record certain revenue at one business unit. The following deficiencies were identified: · The firm did not identify and test any controls that addressed a risk of material misstatement related to the occurrence of revenue. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2201 42 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not identify that certain of these controls were not designed to satisfy the control objectives described in certain of the service auditor's reports. (AS 2201.42 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2201 B22 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not identify that certain of these controls were not designed to satisfy the control objectives described in certain of the service auditor's reports. (AS 2201.42 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 11 AS 2301 8 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the accuracy and completeness of certain reports produced by the service organizations that the firm used in its substantive testing. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2301 8 For revenue at one of these five business units the following additional deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the terms and conditions included in customer contracts. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 13 AS 2810 30 For revenue at one of these five business units the following additional deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain required disclosures related to this revenue. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 13 AS 2810 31 For revenue at one of these five business units the following additional deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of certain required disclosures related to this revenue. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 1105 4 For revenue at another business unit the following deficiencies were identified: · The firm did not evaluate the reliability of certain external information that it used in its substantive testing. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 14 AS 1105 6 For revenue at another business unit the following deficiencies were identified: · The firm did not evaluate the reliability of certain external information that it used in its substantive testing. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 15 AS 2301 8 For revenue at another business unit the following deficiencies were identified: · The issuer recorded this revenue net of certain deductions. The firm did not perform any substantive procedures to test these sales deductions. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 16 AS 2201 42 The firm subjected certain other of the issuer's business units to less extensive audit procedures. The following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing controls that included the issuer's comparisons and reviews of the (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not evaluate the specific review procedures that the control owners performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 16 AS 2201 44 The firm subjected certain other of the issuer's business units to less extensive audit procedures. The following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing controls that included the issuer's comparisons and reviews of the (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not evaluate the specific review procedures that the control owners performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 17 AS 2201 39 The firm subjected certain other of the issuer's business units to less extensive audit procedures. The following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing controls that included the issuer's comparisons and reviews of the (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not identify and test any controls over the review of the budget used in the operation of one of these controls. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 18 AS 1105 10 The firm subjected certain other of the issuer's business units to less extensive audit procedures. The following deficiencies were identified: · For certain of these business units the firm did not perform any procedures to test or test controls over the accuracy and completeness of certain issuer-produced information the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 18 AS 2305 16 The firm subjected certain other of the issuer's business units to less extensive audit procedures. The following deficiencies were identified: · For certain of these business units the firm did not perform any procedures to test or test controls over the accuracy and completeness of certain issuer-produced information the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 19 AS 2201 42 The issuer held certain investments and assets and engaged specialists to assist it in determining the fair values of these investments and assets using various significant assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the fair values of these investments and/or assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the methods inputs and assumptions used to determine the fair values. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 19 AS 2201 44 The issuer held certain investments and assets and engaged specialists to assist it in determining the fair values of these investments and assets using various significant assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the fair values of these investments and/or assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the methods inputs and assumptions used to determine the fair values. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Significant Risk 19 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the investments area but did not identify the deficiencies below. The issuer held certain investments and assets and engaged specialists to assist it in determining the fair values of these investments and assets using various significant assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the fair values of these investments and/or assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the methods inputs and assumptions used to determine the fair values. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Significant Risk 19 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed the investments area but did not identify the deficiencies below. The issuer held certain investments and assets and engaged specialists to assist it in determining the fair values of these investments and assets using various significant assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of the fair values of these investments and/or assets. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the methods inputs and assumptions used to determine the fair values. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The issuer used several information-technology (IT) systems to process and record certain revenue at one business unit. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of price list changes processed through certain of the issuer's IT systems. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of these controls. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets Significant Risk 20 AS 2201 B22 The issuer held certain investments and assets and engaged specialists to assist it in determining the fair values of these investments and assets using various significant assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm identified misstatements in its substantive testing of certain investments. The firm did not evaluate whether the misstatements it identified should have had an effect on the firm's conclusion about the effectiveness of the issuer's controls. (AS 2201.B8) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments Significant Risk 20 AS 2201 B22 The firm's internal inspection program inspected this audit and reviewed the investments area but did not identify the deficiencies below. The issuer held certain investments and assets and engaged specialists to assist it in determining the fair values of these investments and assets using various significant assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm identified misstatements in its substantive testing of certain investments. The firm did not evaluate whether the misstatements it identified should have had an effect on the firm's conclusion about the effectiveness of the issuer's controls. (AS 2201.B8) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 21 AS 2501 7 The firm's internal inspection program inspected this audit and reviewed the investments area but did not identify the deficiencies below. For certain investments the following additional deficiencies were identified: · For certain of these investments the firm did not perform any procedures to test the fair values. (AS 2501.07) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 22 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed the investments area but did not identify the deficiencies below. For certain investments the following additional deficiencies were identified: · For another investment the firm did not perform any procedures to evaluate the reasonableness of a significant assumption developed by the issuer. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 23 AS 1105 B3 The firm's internal inspection program inspected this audit and reviewed the investments area but did not identify the deficiencies below. For certain investments the following additional deficiencies were identified: · For certain other investments the issuer used the investees' unaudited financial results in estimating the fair values. The firm did not sufficiently evaluate the investees' financial results it used as audit evidence because it did not apply or request that another auditor apply appropriate auditing procedures to the unaudited financial statements. (AS 1105.B3) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 24 AS 2501 16 For certain of these assets the firm used an auditor-employed specialist to assist it with testing the fair values of these assets. The following additional deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions developed by the issuer. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 25 AS 1105 A8b For certain of these assets the firm used an auditor-employed specialist to assist it with testing the fair values of these assets. The following additional deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by certain of the company's specialists. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 25 AS 1201 C6 For certain of these assets the firm used an auditor-employed specialist to assist it with testing the fair values of these assets. The following additional deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by certain of the company's specialists. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 25 AS 1201 C7 For certain of these assets the firm used an auditor-employed specialist to assist it with testing the fair values of these assets. The following additional deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to evaluate the reasonableness of certain significant assumptions developed by certain of the company's specialists. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 26 AS 2201 39 For certain other of these assets the following additional deficiencies were identified: · The issuer used a service organization for the recordkeeping of these assets and this service organization used sub-service organizations for certain functions. The firm did not obtain an understanding of or test any relevant controls at these sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 26 AS 2201 B19 For certain other of these assets the following additional deficiencies were identified: · The issuer used a service organization for the recordkeeping of these assets and this service organization used sub-service organizations for certain functions. The firm did not obtain an understanding of or test any relevant controls at these sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 27 AS 1105 A8b For certain other of these assets the following additional deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of a significant assumption developed by one of the company's specialists. (AS 1105.A8b) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Certain Assets 28 AS 1105 A8b For certain other of these assets the following additional deficiencies were identified: · The firm did not perform procedures to test or sufficiently test controls over the relevance and reliability of information produced by the service organization discussed above and used by the company's specialist to estimate the fair value of these assets. (AS 1105.A8a) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 1105 10 The issuer used several information-technology (IT) systems to process and record certain revenue at one business unit. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's review of price list changes processed through certain of the issuer's IT systems. The firm did not test or test any controls over the completeness of the population of items from which it selected its samples for testing these controls. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 The issuer used several information-technology (IT) systems to process and record certain revenue at one business unit. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether pricing was accurately applied in the recording of revenue. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2301 8 For revenue at three business units one of which was affected by the audit deficiencies discussed above the following additional deficiencies were identified: · The firm did not evaluate whether the issuer was acting as a principal or as an agent. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 8 For revenue at three business units one of which was affected by the audit deficiencies discussed above the following additional deficiencies were identified: · The firm did not test whether revenue was recognized according to the contractual pricing. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2315 24 For revenue at three business units one of which was affected by the audit deficiencies discussed above the following additional deficiencies were identified: · For two of these business units the firm's procedures to test this revenue consisted of testing a sample of transactions from certain periods. The firm did not perform any procedures to test the remaining population of this revenue. (AS 2315.24) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 62 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm identified control deficiencies related to several complementary user controls that consisted of the issuer's (1) granting and removal of access to these IT systems and/or (2) monitoring of computer operations. The firm did not evaluate the effect of these deficiencies on the issuer's ability to meet control objectives stated in the service auditor's reports. (AS 2201.62 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 B22 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm identified control deficiencies related to several complementary user controls that consisted of the issuer's (1) granting and removal of access to these IT systems and/or (2) monitoring of computer operations. The firm did not evaluate the effect of these deficiencies on the issuer's ability to meet control objectives stated in the service auditor's reports. (AS 2201.62 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2201 39 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer had implemented certain of these controls. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2201 B22 The issuer used multiple service organizations to host and/or maintain IT systems that the issuer used to initiate process and/or record transactions related to various types of revenue at five other business units. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer had implemented certain of these controls. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 46 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. The issuer used various service organizations to host and/or maintain IT systems that the issuer used to initiate process and record transactions related to revenue at one business unit. In its testing of controls over this account the firm tested certain IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · For the second type of revenue the firm selected for testing a control consisting of the issuer's review of recorded revenue. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of this control. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 11 AS 1105 10 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For two types of revenue at two business units one of which was affected by certain of the audit deficiencies discussed above the firm used certain issuer-produced information in its substantive testing of this revenue. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of this information. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 12 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the recognition and fair values of acquired assets including the assumptions used. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the reasonableness of certain assumptions and (2) whether all identifiable intangible assets were recognized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 12 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm selected for testing a control that consisted of the issuer's review of the recognition and fair values of acquired assets including the assumptions used. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the reasonableness of certain assumptions and (2) whether all identifiable intangible assets were recognized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 13 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm did not perform procedures beyond inquiry to evaluate the reasonableness of a significant assumption developed by the issuer. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 14 AS 2501 16 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of another significant assumption developed by the issuer because it did not evaluate significant differences between this assumption and the issuer's historical and recent experience. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 15 AS 1105 4 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of external information it used in its substantive testing of certain significant assumptions. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 15 AS 1105 6 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm did not evaluate the relevance and reliability of external information it used in its substantive testing of certain significant assumptions. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 16 AS 1105 A8a The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information the company's specialist used. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 16 AS 1201 C6 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information the company's specialist used. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 16 AS 1201 C7 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information the company's specialist used. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 17 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. The firm did not evaluate whether separately identifiable intangible assets should have been recorded related to (1) certain technology in development and (2) technical expertise possessed by the acquired business. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 62 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm identified control deficiencies related to various complementary user controls that consisted of the issuer's reviews of user access to these IT systems. The firm did not sufficiently evaluate the severity of these control deficiencies because it did not evaluate or fully evaluate the magnitude of the potential misstatements resulting from these deficiencies. (AS 2201.62 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 B22 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm identified control deficiencies related to various complementary user controls that consisted of the issuer's reviews of user access to these IT systems. The firm did not sufficiently evaluate the severity of these control deficiencies because it did not evaluate or fully evaluate the magnitude of the potential misstatements resulting from these deficiencies. (AS 2201.62 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · With respect to change management the firm did not test the design and operating effectiveness of certain complementary user controls that the service auditor's report described as necessary. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2201 B22 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · With respect to change management the firm did not test the design and operating effectiveness of certain complementary user controls that the service auditor's report described as necessary. (AS 2201.39 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 62 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm identified various control deficiencies in its testing of controls. The firm did not perform sufficient procedures to evaluate the severity of these control deficiencies because it did not evaluate the magnitude of the potential misstatements resulting from the deficiencies. (AS 2201.62) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2201 B8 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm identified multiple misstatements in its substantive testing. The firm did not evaluate whether the misstatements it identified should have had an effect on the firm's conclusion about the effectiveness of the issuer's controls. (AS 2201.B8) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · For one type of revenue the firm did not identify and test any controls that addressed whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 7 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm selected for testing a control that included the issuer's review of the accuracy of pricing information used to record this first type of revenue. The firm did not identify and test any controls over the accuracy of certain information used in the operation of this control. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 8 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · For a second type of revenue the firm did not identify and test any controls over the accuracy and completeness of certain information the issuer used to record revenue. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · For the second type of revenue the firm selected for testing a control consisting of the issuer's review of recorded revenue. The firm did not evaluate the specific review procedures that the control owner performed to assess the allocation of revenue. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed the Revenue and Business Combination areas but did not identify the deficiencies below. For revenue at this business unit which was affected by the audit deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · For the second type of revenue the firm selected for testing a control consisting of the issuer's review of recorded revenue. The firm did not evaluate the specific review procedures that the control owner performed to assess the allocation of revenue. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain business units the issuer used an IT system to initiate process and record transactions related to inventory and revenue. In its testing of controls over these accounts the firm tested various automated controls that used data generated or maintained by this IT system. The firm selected for testing a control over change management for this system but did not evaluate whether this control was designed to address all program changes. (AS 2201.42) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 For certain business units the issuer used an IT system to initiate process and record transactions related to inventory and revenue. In its testing of controls over these accounts the firm tested various automated controls that used data generated or maintained by this IT system. The firm selected for testing a control over change management for this system but did not evaluate whether this control was designed to address all program changes. (AS 2201.42) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 10 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. The firm's substantive procedures to test the unit cost of this inventory consisted of selecting a sample of items for testing. The firm did not perform any substantive procedures to test an input used in determining the cost of this inventory. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 11 AS 2501 22 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. The firm's approach to substantively test certain of the issuer's reserve for excess and obsolete inventory was to develop an independent expectation of the estimate. The firm did not perform procedures to demonstrate it had a reasonable basis for an assumption and the method used to develop its independent expectation. (AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2201 42 For certain revenue which was affected by the ITGC testing deficiencies discussed above the issuer recognized revenue when a product was shipped. The firm selected for testing various automated controls over revenue recognition but did not test the aspects of these controls that addressed whether shipment had occurred before revenue was recognized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 12 AS 2201 44 For certain revenue which was affected by the ITGC testing deficiencies discussed above the issuer recognized revenue when a product was shipped. The firm selected for testing various automated controls over revenue recognition but did not test the aspects of these controls that addressed whether shipment had occurred before revenue was recognized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 13 AS 2401 58 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. The firm did not perform any substantive procedures to test journal entries to address this risk at certain business units. (AS 2401.58) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 46 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain business units the issuer used an IT system to initiate process and record transactions related to inventory and revenue. In its testing of controls over these accounts the firm tested various automated controls that used data generated or maintained by this IT system. The firm selected for testing a control over change management for this system but did not evaluate whether this control was designed to address all program changes. As a result of the deficiency in the firm's testing of the ITGC the firm's testing of these automated controls was not sufficient. (AS 2201.46) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 46 For certain business units the issuer used an IT system to initiate process and record transactions related to inventory and revenue. In its testing of controls over these accounts the firm tested various automated controls that used data generated or maintained by this IT system. The firm selected for testing a control over change management for this system but did not evaluate whether this control was designed to address all program changes. As a result of the deficiency in the firm's testing of the ITGC the firm's testing of these automated controls was not sufficient. (AS 2201.46) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm selected for testing an automated control over inventory costing. The firm did not sufficiently test the design and operating effectiveness of this control as it limited its testing to only certain scenarios without identifying and evaluating all relevant configurations. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm selected for testing an automated control over inventory costing. The firm did not sufficiently test the design and operating effectiveness of this control as it limited its testing to only certain scenarios without identifying and evaluating all relevant configurations. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm selected for testing an automated control over inventory costing. The firm did not identify that this control was not designed to address whether inventory was valued in accordance with the issuer's policy. (AS 2201.42) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm did not identify and test any controls over an input the issuer used in determining the cost of inventory. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 42 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The issuer performed cycle counts of inventory and the issuer's cycle-count policy required inventory to be counted at specific frequencies during the year. The firm selected for testing controls that consisted of the issuer's review of cycle-count results. The firm did not test the aspects of one of these controls that addressed whether inventory counts were performed in accordance with the issuer's designated count frequency in its cycle-count policy. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 44 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The issuer performed cycle counts of inventory and the issuer's cycle-count policy required inventory to be counted at specific frequencies during the year. The firm selected for testing controls that consisted of the issuer's review of cycle-count results. The firm did not test the aspects of one of these controls that addressed whether inventory counts were performed in accordance with the issuer's designated count frequency in its cycle-count policy. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 39 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The issuer performed cycle counts of inventory and the issuer's cycle-count policy required inventory to be counted at specific frequencies during the year. The firm selected for testing controls that consisted of the issuer's review of cycle-count results. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of these controls. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2201 B8 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. For certain inventory which was affected by the ITGC testing deficiencies discussed above the following additional deficiencies related to the firm's testing of controls were identified: · The firm identified exceptions in its substantive testing of the existence of inventory but did not evaluate the effect of these exceptions on the effectiveness of the issuer's cycle-count controls. (AS 2201.B8) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 9 AS 2301 8 The firm's internal inspection program inspected this audit and reviewed the Inventory and Journal Entries areas but did not identify the deficiencies below. The firm's substantive procedures to test the unit cost of this inventory consisted of selecting a sample of items for testing. The firm did not perform sufficient procedures to test the unit cost because it inspected supporting documentation for only a portion of the quantity of these items held at year end. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 27 For one type of revenue the firm selected the revenue transactions from the issuer's largest customers for testing but did not perform any substantive procedures to test the remaining portion of this revenue. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For one type of revenue the firm selected the revenue transactions from the issuer's largest customers for testing but did not perform any substantive procedures to test the remaining portion of this revenue. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 For one type of revenue the firm selected the revenue transactions from the issuer's largest customers for testing but did not perform any substantive procedures to test the remaining portion of this revenue. (AS 1105.27; AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 10 AS 2501 10 The firm did not sufficiently evaluate whether the issuer's method to estimate depreciation expense for certain assets was in conformity with FASB ASC Topic 360 because it did not evaluate whether the issuer's method of when to start depreciating an asset represented when the asset was placed in service. (AS 2501.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 11 AS 2301 8 The firm did not perform any procedures to evaluate a difference it identified in its testing of long-lived assets. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 12 AS 2401 61 To identify and select journal entries for testing the firm identified fraud characteristics and obtained a list of all journal entries with these characteristics. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain journal entries without having an appropriate rationale for limiting its testing to those certain journal entries. (AS 2401.61) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 For another type of revenue the firm did not perform any substantive procedures to test whether certain performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For another type of revenue the firm did not perform any substantive procedures to test whether certain performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 For both of these types of revenue certain of the issuer's arrangements included multiple performance obligations. The firm did not perform any substantive procedures to evaluate whether the issuer's allocation of revenue to separate performance obligations was based on the relative standalone selling prices. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Deferred Revenue 4 AS 2301 8 The firm did not perform procedures beyond inquiring of management to test certain deferred revenue. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 5 AS 2301 8 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The firm did not evaluate whether the issuer in conformity with FASB ASC Topic 350 and FASB ASC Topic 360 performed its assessments of long-lived assets for possible impairment prior to performing an impairment assessment of goodwill. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 2301 8 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The issuer concluded that the carrying amount of one asset group was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of these assets. (AS 2301.08; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 2810 3 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The issuer concluded that the carrying amount of one asset group was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of these assets. (AS 2301.08; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 7 AS 2501 16 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The firm's approach for substantively testing the issuer's impairment assessment for a second asset group was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for its selection of a significant assumption from a range of potential assumptions. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 8 AS 2501 22 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The firm's approach for substantively testing the issuer's impairment assessment for a third asset group was to develop independent expectations of the fair values of these assets. The firm did not perform sufficient procedures to demonstrate it had a reasonable basis for certain significant assumptions it developed because it did not (1) take into account the issuer's intent and ability to carry out these assumptions and (2) demonstrate it had a reasonable basis for its selection of these assumptions from a range of potential assumptions. (AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 9 AS 1105 4 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The firm's approach for substantively testing the issuer's impairment assessment for a third asset group was to develop independent expectations of the fair values of these assets. The firm did not evaluate the relevance and reliability of external information used in developing its independent expectations. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 9 AS 1105 6 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable and the issuer performed assessments of its long-lived assets for possible impairment. The following deficiencies were identified: · The firm's approach for substantively testing the issuer's impairment assessment for a third asset group was to develop independent expectations of the fair values of these assets. The firm did not evaluate the relevance and reliability of external information used in developing its independent expectations. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recorded certain revenue based on data in an electronic environment that were tracked and provided by a service organization. The firm used certain information produced by this service organization in its substantive testing of this revenue but did not test or test any controls over the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recorded certain revenue based on data in an electronic environment that were tracked and provided by a service organization. The firm used certain information produced by this service organization in its substantive testing of this revenue but did not test or test any controls over the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 For a second type of revenue the firm did not evaluate whether revenue was recognized in conformity with certain relevant requirements of FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For a second type of revenue the firm did not evaluate whether revenue was recognized in conformity with certain relevant requirements of FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 4 For a second type of revenue the firm did not evaluate the reliability of certain external information it used in its substantive testing of this revenue. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 6 For a second type of revenue the firm did not evaluate the reliability of certain external information it used in its substantive testing of this revenue. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 For a third type of revenue the firm did not perform any substantive procedures to test whether performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 For a third type of revenue the firm did not perform any substantive procedures to test whether performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 1105 A8b The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 5 AS 2501 16 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 5 AS 1105 A8b The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 5 AS 2501 16 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not evaluate the reasonableness of certain significant assumptions developed by the company's specialist or developed by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 6 AS 1105 A8a The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance of external information used by the company's specialist to develop certain other significant assumptions. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 6 AS 1201 C6 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance of external information used by the company's specialist to develop certain other significant assumptions. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 6 AS 1201 C7 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance of external information used by the company's specialist to develop certain other significant assumptions. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 1105 A8a The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance of external information used by the company's specialist to develop certain other significant assumptions. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 1201 C6 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance of external information used by the company's specialist to develop certain other significant assumptions. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 6 AS 1201 C7 The issuer engaged a specialist to perform an assessment of its goodwill for possible impairment. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate certain significant assumptions used. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not evaluate the relevance of external information used by the company's specialist to develop certain other significant assumptions. (AS 1105.A8a; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 7 AS 2301 11 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable. The firm did not evaluate whether the issuer performed an assessment of long-lived assets for possible impairment which in conformity with FASB ASC Topic 350 and FASB ASC Topic 360 was required to be performed prior to performing an impairment assessment of goodwill. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill Significant Risk 7 AS 2301 8 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable. The firm did not evaluate whether the issuer performed an assessment of long-lived assets for possible impairment which in conformity with FASB ASC Topic 350 and FASB ASC Topic 360 was required to be performed prior to performing an impairment assessment of goodwill. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 7 AS 2301 11 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable. The firm did not evaluate whether the issuer performed an assessment of long-lived assets for possible impairment which in conformity with FASB ASC Topic 350 and FASB ASC Topic 360 was required to be performed prior to performing an impairment assessment of goodwill. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 7 AS 2301 8 During the year events or changes in circumstances existed indicating that the carrying value of the issuer's long-lived assets may not be recoverable. The firm did not evaluate whether the issuer performed an assessment of long-lived assets for possible impairment which in conformity with FASB ASC Topic 350 and FASB ASC Topic 360 was required to be performed prior to performing an impairment assessment of goodwill. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 8 AS 1105 4 The issuer performed an assessment of its digital assets for possible impairment. The firm used certain external information in its testing of the issuer's impairment assessment but did not evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Digital Assets Significant Risk 8 AS 1105 6 The issuer performed an assessment of its digital assets for possible impairment. The firm used certain external information in its testing of the issuer's impairment assessment but did not evaluate the relevance and reliability of this information. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 10 The issuer recognized certain revenue over time based on labor costs incurred to date relative to total estimated labor costs to complete the contract. The following deficiencies were identified: · For projects designated as complete the firm did not perform sufficient procedures to evaluate whether the method used by the issuer to record revenue was in conformity with FASB ASC Topic 606 because it did not evaluate (1) whether the performance obligations were satisfied and (2) certain evidence that suggested these projects were not complete. (AS 2501.10; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2810 3 The issuer recognized certain revenue over time based on labor costs incurred to date relative to total estimated labor costs to complete the contract. The following deficiencies were identified: · For projects designated as complete the firm did not perform sufficient procedures to evaluate whether the method used by the issuer to record revenue was in conformity with FASB ASC Topic 606 because it did not evaluate (1) whether the performance obligations were satisfied and (2) certain evidence that suggested these projects were not complete. (AS 2501.10; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 10 AS 2510 12 The firm observed the issuer's physical counts and performed independent test counts of inventory after year end. The following deficiencies were identified: · The firm did not perform procedures beyond inquiring of management to test intervening transactions between year end and the date of its inventory observations. (AS 2510.12) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 11 AS 2301 8 The firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. For certain items in its sample the firm did not perform sufficient procedures to test the unit cost because its procedures were limited to comparing the recorded raw materials cost to supporting documentation for the most recent purchase. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 12 AS 2301 8 The firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. For certain other items in its sample the firm did not perform any procedures to test the raw materials cost and/or the labor and overhead costs allocated to these items. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 13 AS 2301 8 The firm did not perform any procedures to evaluate whether certain inventory was recorded at the lower of cost or net realizable value. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 14 AS 1105 10 The firm did not perform any procedures to test or test controls over the accuracy and completeness of certain information produced by the issuer that the firm used in its testing of the net realizable value of certain other inventory. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2501 16 The issuer recognized certain revenue over time based on labor costs incurred to date relative to total estimated labor costs to complete the contract. The following deficiencies were identified: · For projects designated as in-process the firm did not sufficiently evaluate the reasonableness of the issuer's significant assumption related to total estimated labor hours because it did not evaluate significant differences between this assumption and the issuer's recent experience. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The issuer recognized certain revenue over time based on labor costs incurred to date relative to total estimated labor costs to complete the contract. The following deficiencies were identified: · The firm did not perform any procedures to evaluate certain differences it identified in its testing of labor costs incurred. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The issuer recognized certain revenue over time based on labor costs incurred to date relative to total estimated labor costs to complete the contract. The following deficiencies were identified: · The firm did not perform any procedures to evaluate certain differences it identified in its testing of labor costs incurred. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 13 For another type of revenue the firm did not perform any substantive procedures to test whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 8 For another type of revenue the firm did not perform any substantive procedures to test whether the performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 13 For a third type of revenue the firm did not perform any substantive procedures to evaluate the terms and conditions included in customer contracts. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 For a third type of revenue the firm did not perform any substantive procedures to evaluate the terms and conditions included in customer contracts. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 7 AS 2310 33 The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. The following deficiencies were identified: · For one confirmation that was returned with exceptions the firm did not evaluate the nature of those exceptions. (AS 2310.33) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Accounts Receivable 8 AS 2310 31 The firm sent positive confirmation requests to the issuer's customers for a sample of accounts receivable. The following deficiencies were identified: · For certain confirmations that were not returned the firm did not perform alternative procedures that provided sufficient appropriate audit evidence that these balances represented valid receivables as of the confirmation date. (AS 2310.31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Inventory 9 AS 2301 8 The firm observed the issuer's physical counts and performed independent test counts of inventory after year end. The following deficiencies were identified: · The firm did not perform any procedures to test the existence of a certain type of inventory. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recorded revenue net of customer discounts returns rebates and other deductions. The firm did not perform any substantive procedures to test these revenue deductions. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recorded revenue net of customer discounts returns rebates and other deductions. The firm did not perform any substantive procedures to test these revenue deductions. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 For one type of revenue the firm did not perform any substantive procedures to test whether performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For one type of revenue the firm did not perform any substantive procedures to test whether performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 4 AS 2501 16 The issuer capitalized certain labor costs and external costs associated with the development of this asset. Capitalized labor costs were estimated using a significant assumption. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of this significant assumption. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 5 AS 1105 10 The issuer capitalized certain labor costs and external costs associated with the development of this asset. Capitalized labor costs were estimated using a significant assumption. The following deficiencies were identified: · The firm used certain issuer-produced reports in its substantive testing of this asset but did not perform any procedures to test or test controls over the accuracy and completeness of these reports. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 6 AS 2301 11 The issuer capitalized certain labor costs and external costs associated with the development of this asset. Capitalized labor costs were estimated using a significant assumption. The following deficiencies were identified: · The firm did not evaluate whether the issuer's capitalization of external costs was in conformity with FASB ASC Topic 350. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 6 AS 2301 8 The issuer capitalized certain labor costs and external costs associated with the development of this asset. Capitalized labor costs were estimated using a significant assumption. The following deficiencies were identified: · The firm did not evaluate whether the issuer's capitalization of external costs was in conformity with FASB ASC Topic 350. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 7 AS 2501 10 The firm did not evaluate whether the method used by the issuer to estimate amortization expense for capitalized external costs was in conformity with certain requirements of FASB ASC Topic 350. (AS 2501.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 8 AS 2301 11 The issuer performed an assessment of this long-lived asset for possible impairment and concluded that it was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of this asset. (AS 2301.08 and .11; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 8 AS 2301 8 The issuer performed an assessment of this long-lived asset for possible impairment and concluded that it was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of this asset. (AS 2301.08 and .11; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Long-Lived Asset Significant Risk 8 AS 2810 3 The issuer performed an assessment of this long-lived asset for possible impairment and concluded that it was recoverable. The firm did not identify that the issuer did not consider certain indicators of possible impairment in its assessment of this asset. (AS 2301.08 and .11; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2301 11 The issuer performed full physical counts of inventory at various locations before year end. For certain locations the firm observed the issuer's physical counts and performed independent test counts. The following deficiencies were identified: · The firm did not perform any procedures to test the existence of a type of work-in-process inventory at the locations observed. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2301 8 The issuer performed full physical counts of inventory at various locations before year end. For certain locations the firm observed the issuer's physical counts and performed independent test counts. The following deficiencies were identified: · The firm did not perform any procedures to test the existence of a type of work-in-process inventory at the locations observed. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2810 30 The firm did not identify and evaluate a misstatement in a disclosure required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 10 AS 2810 31 The firm did not identify and evaluate a misstatement in a disclosure required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 2510 12 The issuer performed full physical counts of inventory at various locations before year end. For certain locations the firm observed the issuer's physical counts and performed independent test counts. The following deficiencies were identified: · For certain inventory the firm did not apply appropriate tests of intervening transactions between the date of the issuer's counts and year end. (AS 2510.12) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 3 AS 2510 9 For certain other locations the firm did not perform any procedures to test the existence of inventory. (AS 2510.09) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2301 11 For certain locations the firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. The following deficiencies were identified: · The firm did not perform procedures to evaluate certain differences it identified in its testing. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2301 8 For certain locations the firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. The following deficiencies were identified: · The firm did not perform procedures to evaluate certain differences it identified in its testing. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 5 AS 2301 11 For certain locations the firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the labor and overhead costs the issuer capitalized to inventory because its procedures were limited to comparing the costs to those capitalized in the prior year. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 5 AS 2301 8 For certain locations the firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. The following deficiencies were identified: · The firm did not perform sufficient procedures to test the labor and overhead costs the issuer capitalized to inventory because its procedures were limited to comparing the costs to those capitalized in the prior year. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 6 AS 1105 10 For certain locations the firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. The following deficiencies were identified: · The firm did not perform any procedures to test or test controls over the accuracy and completeness of certain issuer-produced information used in its substantive testing. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 11 For certain other locations the firm did not perform any substantive procedures to test the unit cost of inventory. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 8 For certain other locations the firm did not perform any substantive procedures to test the unit cost of inventory. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 8 AS 2501 7 The firm did not perform substantive procedures to test the issuer's inventory reserves. (AS 2501.07) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2315 16 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2315 23 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 9 AS 2315 23A The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2501 10 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the fair value of a portion of the consideration transferred the firm did not evaluate whether the method used by the issuer to determine the fair value was in conformity with FASB ASC Topic 820 Fair Value Measurement. Further the firm did not evaluate certain information provided by the company's specialist that suggested that the issuer's method to determine the fair value of this consideration may not be appropriate. (AS 2501.10; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2810 3 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the fair value of a portion of the consideration transferred the firm did not evaluate whether the method used by the issuer to determine the fair value was in conformity with FASB ASC Topic 820 Fair Value Measurement. Further the firm did not evaluate certain information provided by the company's specialist that suggested that the issuer's method to determine the fair value of this consideration may not be appropriate. (AS 2501.10; AS 2810.03) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 A8b During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the fair value of the remaining consideration transferred the firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of certain significant assumptions developed by the company's specialist or by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the fair value of the remaining consideration transferred the firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of certain significant assumptions developed by the company's specialist or by the issuer. (AS 1105.A8b; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 1201 C6 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the intangible asset the firm used an auditor-employed specialist to evaluate a significant assumption developed by the issuer. The firm did not identify that the auditor-employed specialist did not perform procedures beyond inquiring of management to evaluate the reasonableness of this assumption. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 1201 C7 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the intangible asset the firm used an auditor-employed specialist to evaluate a significant assumption developed by the issuer. The firm did not identify that the auditor-employed specialist did not perform procedures beyond inquiring of management to evaluate the reasonableness of this assumption. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the intangible asset the firm used an auditor-employed specialist to evaluate a significant assumption developed by the issuer. The firm did not identify that the auditor-employed specialist did not perform procedures beyond inquiring of management to evaluate the reasonableness of this assumption. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 4 AS 2501 16 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of an acquired intangible asset and the consideration transferred using various significant assumptions. The firm's approach for substantively testing the fair values of the acquired intangible asset and the consideration transferred was to test the issuer's process. The following deficiencies were identified: · With respect to the intangible asset the firm used an auditor-employed specialist to evaluate a significant assumption developed by the issuer. The firm did not perform procedures beyond inquiring of management to evaluate the reasonableness of another significant assumption developed by the issuer. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations and FASB ASC Topic 820 related to certain assets acquired. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 805 Business Combinations and FASB ASC Topic 820 related to certain assets acquired. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue 6 AS 2810 30 The firm did not identify and evaluate the issuer's omission of a disclosure required under FASB ASC Topic 250 Accounting Changes and Error Corrections related to a change in estimate. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue 6 AS 2810 31 The firm did not identify and evaluate the issuer's omission of a disclosure required under FASB ASC Topic 250 Accounting Changes and Error Corrections related to a change in estimate. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 1105 A8b The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement or assessment of these acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures beyond inquiring of management to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 1201 C6 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement or assessment of these acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures beyond inquiring of management to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 1 AS 1201 C7 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement or assessment of these acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures beyond inquiring of management to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 1105 A8b The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement or assessment of these acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures beyond inquiring of management to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 1201 C6 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement or assessment of these acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures beyond inquiring of management to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 1 AS 1201 C7 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm used an auditor-employed specialist to evaluate certain significant assumptions developed by the company's specialist and used in the measurement or assessment of these acquired intangible assets. The firm did not identify that the auditor-employed specialist did not perform any procedures beyond inquiring of management to evaluate these assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 4 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because the firm did not evaluate the relevance and reliability of external information it used. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 6 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because the firm did not evaluate the relevance and reliability of external information it used. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 1105 4 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because the firm did not evaluate the relevance and reliability of external information it used. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 2 AS 1105 6 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because the firm did not evaluate the relevance and reliability of external information it used. (AS 1105.04 and .06) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 1105 A8a The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not perform any procedures to evaluate the relevance and reliability of certain of this information used by the company's specialist in determining the fair value of the contingent consideration. (AS 1105.A8a) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 3 AS 1105 A8a The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not perform any procedures to evaluate the relevance and reliability of certain of this information used by the company's specialist in determining the fair value of the contingent consideration. (AS 1105.A8a) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 4 AS 2501 16 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because it did not (1) evaluate a significant difference between one of these assumptions and the issuer's experience or (2) take into account the issuer's intent and ability to carry out certain of these assumptions. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 4 AS 2501 17 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because it did not (1) evaluate a significant difference between one of these assumptions and the issuer's experience or (2) take into account the issuer's intent and ability to carry out certain of these assumptions. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 4 AS 2501 16 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because it did not (1) evaluate a significant difference between one of these assumptions and the issuer's experience or (2) take into account the issuer's intent and ability to carry out certain of these assumptions. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 4 AS 2501 17 The issuer acquired multiple businesses which included acquiring intangible assets. In addition during the year events or changes in circumstances existed indicating that the carrying value of these acquired intangible assets may not be recoverable. The issuer engaged a specialist to assist it in (1) determining the initial fair values of these acquired intangible assets and the provision for contingent consideration to be paid to the sellers and (2) performing an assessment of these acquired intangible assets for impairment. The following deficiencies were identified as of the acquisition date and/or at year end: · The firm did not sufficiently evaluate the reasonableness of certain other significant assumptions developed by the issuer and used in the measurement or assessment of these acquired intangible assets because it did not (1) evaluate a significant difference between one of these assumptions and the issuer's experience or (2) take into account the issuer's intent and ability to carry out certain of these assumptions. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2810 30 For these business combinations the firm did not identify and evaluate the issuer's omission of certain required disclosures related to contingent considerations. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2810 31 For these business combinations the firm did not identify and evaluate the issuer's omission of certain required disclosures related to contingent considerations. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 5 AS 2810 30 For these business combinations the firm did not identify and evaluate the issuer's omission of certain required disclosures related to contingent considerations. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Intangible Assets Significant Risk 5 AS 2810 31 For these business combinations the firm did not identify and evaluate the issuer's omission of certain required disclosures related to contingent considerations. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether the issuer's identification of performance obligations was in conformity with FASB ASC Topic 606. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether the issuer's identification of performance obligations was in conformity with FASB ASC Topic 606. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · The firm did not perform any substantive procedures to test whether the allocation of the transaction prices was based on standalone selling prices. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · For certain of the arrangements selected for testing the firm did not perform any procedures to test whether certain performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · For certain of the arrangements selected for testing the firm did not perform any procedures to test whether certain performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 4 AS 2501 10 For certain inventory the firm's approach for substantively testing the reserve for excess and obsolete inventory was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate whether the method used by the issuer to develop the reserve was appropriate because it did not evaluate whether the issuer's reserve took into account the issuer's forecasted sales. (AS 2501.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 5 AS 2501 16 For certain inventory the firm's approach for substantively testing the reserve for excess and obsolete inventory was to test the issuer's process. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain significant assumptions used by the issuer to estimate the reserve for excess and obsolete inventory because its procedures were limited to inquiry of management and performing a sensitivity analysis that indicated that if certain alternative assumptions were used the reserve would change by a significant amount. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 6 AS 1105 10 For certain inventory the firm's approach for substantively testing the reserve for excess and obsolete inventory was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to test or test controls over the accuracy and completeness of an issuer-produced report the firm used in its substantive testing of the reserve for excess and obsolete inventory. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 11 For certain other inventory the firm did not perform sufficient substantive procedures to test whether this inventory was recorded at the lower of cost or net realizable value because its procedures were limited to a year over year comparison of product-level gross margins. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 7 AS 2301 8 For certain other inventory the firm did not perform sufficient substantive procedures to test whether this inventory was recorded at the lower of cost or net realizable value because its procedures were limited to a year over year comparison of product-level gross margins. (AS 2301.08 and .11) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivative Asset Significant Risk 1 AS 2501 16 The issuer engaged a valuation specialist to assist in determining the fair value of this derivative asset. The firm's approach for substantively testing the fair value of this derivative asset was to develop an independent expectation using certain assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of a significant assumption developed by the issuer because the firm did not take into account management's written plans that indicated the issuer may not have the intent and ability to carry out the assumption. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivative Asset Significant Risk 1 AS 2501 17 The issuer engaged a valuation specialist to assist in determining the fair value of this derivative asset. The firm's approach for substantively testing the fair value of this derivative asset was to develop an independent expectation using certain assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of a significant assumption developed by the issuer because the firm did not take into account management's written plans that indicated the issuer may not have the intent and ability to carry out the assumption. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivative Asset Significant Risk 2 AS 1105 A8a The issuer engaged a valuation specialist to assist in determining the fair value of this derivative asset. The firm's approach for substantively testing the fair value of this derivative asset was to develop an independent expectation using certain assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not (1) perform procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist and (2) evaluate the relevance and reliability of information from external sources the company's specialist used to develop this assumption. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivative Asset Significant Risk 2 AS 1105 A8b The issuer engaged a valuation specialist to assist in determining the fair value of this derivative asset. The firm's approach for substantively testing the fair value of this derivative asset was to develop an independent expectation using certain assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not (1) perform procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist and (2) evaluate the relevance and reliability of information from external sources the company's specialist used to develop this assumption. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivative Asset Significant Risk 2 AS 1201 C6 The issuer engaged a valuation specialist to assist in determining the fair value of this derivative asset. The firm's approach for substantively testing the fair value of this derivative asset was to develop an independent expectation using certain assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not (1) perform procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist and (2) evaluate the relevance and reliability of information from external sources the company's specialist used to develop this assumption. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivative Asset Significant Risk 2 AS 1201 C7 The issuer engaged a valuation specialist to assist in determining the fair value of this derivative asset. The firm's approach for substantively testing the fair value of this derivative asset was to develop an independent expectation using certain assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not (1) perform procedures to evaluate the reasonableness of a significant assumption developed by the company's specialist and (2) evaluate the relevance and reliability of information from external sources the company's specialist used to develop this assumption. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 3 AS 2501 16 During the year the issuer identified events indicating that the carrying value of its long-lived assets may not be recoverable. The issuer performed an impairment analysis using forecasted cash flows that it developed using various assumptions. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 4 AS 2501 16 During the year the issuer identified events indicating that the carrying value of its long-lived assets may not be recoverable. The issuer performed an impairment analysis using forecasted cash flows that it developed using various assumptions. The following deficiencies were identified: · The firm did not perform procedures to evaluate the reasonableness of another significant assumption beyond reviewing the effect that certain external events would have on the assumption. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets Significant Risk 5 AS 2501 10 During the year the issuer identified events indicating that the carrying value of its long-lived assets may not be recoverable. The issuer performed an impairment analysis using forecasted cash flows that it developed using various assumptions. The following deficiencies were identified: · The firm did not perform sufficient procedures to evaluate whether the method used by the issuer to develop its impairment analysis was in conformity with the requirements of FASB ASC Topic 360 because it did not evaluate whether certain assets were (1) assets under development at the time of the impairment analysis and as a result the issuer should have included the carrying value of these assets in its impairment analysis or (2) capital expenditures that would increase the service potential of the long-lived asset group and as a result the issuer should have excluded the cash flows associated with these assets in its impairment analysis. (AS 2501.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Accrued Commissions Significant Risk 1 AS 1105 10 The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of issuer-produced reports that the firm used in its substantive testing of certain deferred revenue certain commissions expense and certain accrued commissions. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Commissions Expense Significant Risk 1 AS 1105 10 The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of issuer-produced reports that the firm used in its substantive testing of certain deferred revenue certain commissions expense and certain accrued commissions. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Significant Risk 1 AS 1105 10 The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of issuer-produced reports that the firm used in its substantive testing of certain deferred revenue certain commissions expense and certain accrued commissions. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A N No Financial statement audit only Audits with multiple deficiencies Commissions Expense 2 AS 2305 17 The firm's substantive procedures to test commissions expense included substantive analytical procedures. The firm did not develop expectations at a level of precision that provided the desired level of assurance that differences that could be potential material misstatements individually or in the aggregate would be identified for investigation. (AS 2305.17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recorded certain revenue based on data in an electronic environment that were tracked and provided by two service organizations. The firm used information produced by these service organizations in its substantive testing of this revenue but did not test or test any controls over the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recorded certain revenue based on data in an electronic environment that were tracked and provided by two service organizations. The firm used information produced by these service organizations in its substantive testing of this revenue but did not test or test any controls over the accuracy and completeness of this information. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and determined the fair value of a liability assumed in connection with the acquisition using various significant assumptions. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of a significant assumption because it did not (1) take into account the issuer's intent and ability to carry out this assumption and (2) evaluate a significant difference between this assumption and the issuer's recent experience. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 17 During the year the issuer acquired a business and determined the fair value of a liability assumed in connection with the acquisition using various significant assumptions. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of a significant assumption because it did not (1) take into account the issuer's intent and ability to carry out this assumption and (2) evaluate a significant difference between this assumption and the issuer's recent experience. (AS 2501.16 and .17) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Business Combination Significant Risk 3 AS 2501 16 During the year the issuer acquired a business and determined the fair value of a liability assumed in connection with the acquisition using various significant assumptions. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of another significant assumption. (AS 2501.16) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 42 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the recognition and fair values of acquired assets including the assumptions used. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the reasonableness of certain assumptions (2) the fair value of acquired inventory and (3) whether all identifiable intangible assets were recognized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 44 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the recognition and fair values of acquired assets including the assumptions used. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the reasonableness of certain assumptions (2) the fair value of acquired inventory and (3) whether all identifiable intangible assets were recognized. (AS 2201.42 and .44) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 7 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the fair value of acquired inventory. (AS 2501.07) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 3 AS 1105 10 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm used certain issuer-produced reports in its substantive testing of the existence of acquired inventory but did not perform procedures to test or test controls over the accuracy and completeness of these reports. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1105 4 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of an acquired intangible asset was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption developed by one of the company's specialists. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information it used in evaluating the reasonableness of this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1105 6 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of an acquired intangible asset was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption developed by one of the company's specialists. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information it used in evaluating the reasonableness of this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1201 C6 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of an acquired intangible asset was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption developed by one of the company's specialists. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information it used in evaluating the reasonableness of this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1201 C7 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The firm's approach for substantively testing the fair value of an acquired intangible asset was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption developed by one of the company's specialists. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate the relevance and reliability of external information it used in evaluating the reasonableness of this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2315 16 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the fair values of certain other acquired assets was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the tolerable misstatement for the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2315 23 During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the fair values of certain other acquired assets was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the tolerable misstatement for the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 5 AS 2315 23A During the year the issuer acquired a business and engaged specialists to determine the fair values of certain acquired assets using various significant assumptions. The following deficiencies were identified: · The sample size the firm used in its substantive procedures to test the fair values of certain other acquired assets was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the tolerable misstatement for the population. (AS 2315.16 .23 and .23A) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 6 AS 2301 8 The firm did not evaluate whether a separately identifiable intangible asset should have been recorded related to certain rights held by the acquired business. (AS 2301.08) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For three types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For two of these types of revenue the firm did not test whether revenue was recognized according to the contractual terms for certain of the transactions selected for testing. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 For three types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For two of these types of revenue the firm did not test whether revenue was recognized according to the contractual terms for certain of the transactions selected for testing. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 10 For three types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For two of these types of revenue the firm did not perform any procedures to test or test controls over the accuracy and completeness of issuer-prepared reports that the firm used in its substantive testing. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 For three types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For one of these types of revenue the firm did not perform any substantive procedures to test whether certain performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 For three types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For one of these types of revenue the firm did not perform any substantive procedures to test whether certain performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of and a misstatement in certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of and a misstatement in certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A Q No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 5 AS 1105 10 The firm used an issuer-prepared schedule in its substantive testing of a revenue disclosure. The firm did not perform any procedures to test or test controls over the accuracy and completeness of this schedule. (AS 1105.10) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For four types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For three of these types of revenue the firm did not test whether revenue was recognized according to the contractual terms for certain of the transactions selected for testing. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 For four types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For three of these types of revenue the firm did not test whether revenue was recognized according to the contractual terms for certain of the transactions selected for testing. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 For four types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For three of these types of revenue the firm did not perform any substantive procedures to test whether performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For four types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For three of these types of revenue the firm did not perform any substantive procedures to test whether performance obligations had been satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 For four types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For one of these types of revenue the firm did not evaluate whether the issuer was acting as a principal or as an agent. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 For four types of revenue the firm selected a sample of revenue transactions for testing. The following deficiencies were identified: · For one of these types of revenue the firm did not evaluate whether the issuer was acting as a principal or as an agent. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures required under FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A S No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized revenue from certain arrangements as single performance obligations satisfied over time on a straight-line basis. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate whether recognizing revenue for multiple services as a single performance obligation recognized over time on a straight-line basis was in conformity with FASB ASC Topic 606 beyond reading an issuer-prepared memorandum. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A S No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized revenue from certain arrangements as single performance obligations satisfied over time on a straight-line basis. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate whether recognizing revenue for multiple services as a single performance obligation recognized over time on a straight-line basis was in conformity with FASB ASC Topic 606 beyond reading an issuer-prepared memorandum. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A S No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 13 The issuer recognized revenue from certain arrangements as single performance obligations satisfied over time on a straight-line basis. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · For certain of the arrangements selected for testing the firm did not perform any procedures to test whether the performance obligation was being satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A S No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 The issuer recognized revenue from certain arrangements as single performance obligations satisfied over time on a straight-line basis. The firm selected a sample of these arrangements for testing. The following deficiencies were identified: · For certain of the arrangements selected for testing the firm did not perform any procedures to test whether the performance obligation was being satisfied before revenue was recognized. (AS 2301.08 and .13) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 2201 42 The issuer used two service organizations for the custody recordkeeping and processing of certain transactions related to an investment and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing controls over the issuer's authorization of these transactions with the custodian. The firm did not test the aspects of these controls that addressed whether the custodian's system was configured to require appropriate authorizations prior to completing these transactions. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 2201 44 The issuer used two service organizations for the custody recordkeeping and processing of certain transactions related to an investment and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing controls over the issuer's authorization of these transactions with the custodian. The firm did not test the aspects of these controls that addressed whether the custodian's system was configured to require appropriate authorizations prior to completing these transactions. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Investment Significant Risk 1 AS 2201 B22 The issuer used two service organizations for the custody recordkeeping and processing of certain transactions related to an investment and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing controls over the issuer's authorization of these transactions with the custodian. The firm did not test the aspects of these controls that addressed whether the custodian's system was configured to require appropriate authorizations prior to completing these transactions. (AS 2201.42 .44 and .B22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Investment Significant Risk 2 AS 2201 39 The issuer used two service organizations for the custody recordkeeping and processing of certain transactions related to an investment and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing controls over the issuer's authorization of these transactions with the custodian. The firm did not identify and test any controls over an authentication device that the issuer used to authorize these transactions. (AS 2201.39) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Investment Significant Risk 3 AS 2201 39 The issuer used two service organizations for the custody recordkeeping and processing of certain transactions related to an investment and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Investment Significant Risk 3 AS 2201 B19 The issuer used two service organizations for the custody recordkeeping and processing of certain transactions related to an investment and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1201 C6 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for the method it used to develop its independent expectation. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 1201 C7 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for the method it used to develop its independent expectation. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 1 AS 2501 22 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform procedures to demonstrate it had a reasonable basis for the method it used to develop its independent expectation. (AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 2 AS 1105 4 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to demonstrate it had a reasonable basis for a significant assumption it developed because the auditor-employed specialist did not (1) evaluate whether the external data it used to develop this assumption were relevant to the assumption beyond observing that the data were from companies with similar market capitalization and (2) evaluate the reasonableness of using the low end of the range of the comparable company data in developing this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 2 AS 1105 6 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to demonstrate it had a reasonable basis for a significant assumption it developed because the auditor-employed specialist did not (1) evaluate whether the external data it used to develop this assumption were relevant to the assumption beyond observing that the data were from companies with similar market capitalization and (2) evaluate the reasonableness of using the low end of the range of the comparable company data in developing this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 2 AS 1201 C6 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to demonstrate it had a reasonable basis for a significant assumption it developed because the auditor-employed specialist did not (1) evaluate whether the external data it used to develop this assumption were relevant to the assumption beyond observing that the data were from companies with similar market capitalization and (2) evaluate the reasonableness of using the low end of the range of the comparable company data in developing this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 2 AS 1201 C7 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to demonstrate it had a reasonable basis for a significant assumption it developed because the auditor-employed specialist did not (1) evaluate whether the external data it used to develop this assumption were relevant to the assumption beyond observing that the data were from companies with similar market capitalization and (2) evaluate the reasonableness of using the low end of the range of the comparable company data in developing this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 688 Marcum LLP 2023 United States 2024-06-20T00:00:00 Part I.A U No Financial statement audit only Audits with multiple deficiencies Warrants Significant Risk 2 AS 2501 22 During the year the issuer issued warrants that were recorded as liabilities. The firm's approach for substantively testing the fair value of these warrants at issuance was to develop an independent expectation of the estimate using an auditor-employed specialist. The following deficiencies were identified: · The firm did not identify that the auditor-employed specialist did not perform sufficient procedures to demonstrate it had a reasonable basis for a significant assumption it developed because the auditor-employed specialist did not (1) evaluate whether the external data it used to develop this assumption were relevant to the assumption beyond observing that the data were from companies with similar market capitalization and (2) evaluate the reasonableness of using the low end of the range of the comparable company data in developing this assumption. (AS 1105.04 and .06; AS 1201.C6 and .C7; AS 2501.22) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform any procedures to test revenue. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 3 AS 2301 8 The firm did not perform procedures to test goodwill and intangible assets beyond obtaining certain issuer-prepared schedules. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures for goodwill and intangible assets required by FASB ASC Topic 350 Intangibles – Goodwill and Other and FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Goodwill and Intangible Assets 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures for goodwill and intangible assets required by FASB ASC Topic 350 Intangibles – Goodwill and Other and FASB ASC Topic 820 Fair Value Measurement. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Journal Entries 5 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Journal Entries 10 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 2 AS 2501 7 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the issuer's purchase price allocation schedule to test the fair value of the acquired intangible assets. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2301 8 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform any procedures to test the existence completeness and valuation of the tangible assets acquired and the liabilities assumed at the acquisition date. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2501 7 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform any procedures to test the existence completeness and valuation of the tangible assets acquired and the liabilities assumed at the acquisition date. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2301 8 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not perform any procedures to test the purchase price. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 2810 30 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to this business combination required by FASB ASC Topic 350 FASB ASC Topic 805 Business Combinations and FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 2810 31 During the year the issuer acquired a business. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to this business combination required by FASB ASC Topic 350 FASB ASC Topic 805 Business Combinations and FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue 6 AS 2301 8 The firm did not perform any procedures to evaluate whether the issuer met the revenue recognition criteria prior to recognizing revenue. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 7 AS 2510 12 The firm performed procedures to observe inventory on dates other than year end. The firm did not apply appropriate tests of intervening transactions in inventory between the count dates and year end. (AS 2510.12) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 8 AS 2301 8 The firm performed procedures to observe inventory on dates other than year end. The firm did not perform any procedures to test costs in inventory including whether inventory was recorded at the lower of cost or net realizable value. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 9 AS 2501 7 The issuer determined a reserve for inventory was not necessary. The firm did not perform any procedures to test the issuer's determination. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 2501 7 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of the intangible assets beyond obtaining and reading the purchase price allocation for one of the acquisitions. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 11 AS 2301 8 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not perform any procedures to test the existence completeness and fair value of the tangible assets acquired at the acquisition dates for these acquisitions. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 11 AS 2501 7 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not perform any procedures to test the existence completeness and fair value of the tangible assets acquired at the acquisition dates for these acquisitions. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 12 AS 2301 8 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not perform any procedures to test the purchase consideration for these acquisitions including contingent consideration. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 12 AS 2501 7 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not perform any procedures to test the purchase consideration for these acquisitions including contingent consideration. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 13 AS 2810 30 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to these business combinations required by FASB ASC Topic 805 and FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Business Combination 13 AS 2810 31 During the year the issuer acquired certain businesses. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to these business combinations required by FASB ASC Topic 805 and FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 14 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 8 The firm did not perform any procedures to evaluate whether the issuer met the revenue recognition criteria prior to recognizing revenue. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 3 AS 2301 8 The firm did not perform procedures to test a related liability account beyond obtaining a schedule of activity for the account for the year. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures related to revenue required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures related to revenue required by FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 5 AS 2301 8 The firm did not perform procedures to evaluate whether the issuer should have disclosed disaggregated revenue in accordance with FASB ASC Topic 606. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2315 16 To test accounts receivable the firm sent a sample of positive confirmation requests by electronic mail and received responses by electronic mail certain of which were returned with exceptions. The following deficiencies were identified: · The sample size the firm used to test accounts receivable was too small to provide sufficient appropriate audit evidence because the firm did not take into account tolerable misstatement for the population. (AS 2315.16 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2315 23 To test accounts receivable the firm sent a sample of positive confirmation requests by electronic mail and received responses by electronic mail certain of which were returned with exceptions. The following deficiencies were identified: · The sample size the firm used to test accounts receivable was too small to provide sufficient appropriate audit evidence because the firm did not take into account tolerable misstatement for the population. (AS 2315.16 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 6 AS 2315 23A To test accounts receivable the firm sent a sample of positive confirmation requests by electronic mail and received responses by electronic mail certain of which were returned with exceptions. The following deficiencies were identified: · The sample size the firm used to test accounts receivable was too small to provide sufficient appropriate audit evidence because the firm did not take into account tolerable misstatement for the population. (AS 2315.16 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 7 AS 2310 29 To test accounts receivable the firm sent a sample of positive confirmation requests by electronic mail and received responses by electronic mail certain of which were returned with exceptions. The following deficiencies were identified: · The firm did not consider performing procedures to address the risks associated with the electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 8 AS 2310 33 To test accounts receivable the firm sent a sample of positive confirmation requests by electronic mail and received responses by electronic mail certain of which were returned with exceptions. The following deficiencies were identified: · For the confirmations returned with exceptions the firm did not perform any procedures to evaluate the nature of those exceptions. (AS 2310.33) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 9 AS 2501 7 The firm did not perform procedures to test the allowance for doubtful accounts beyond obtaining the activity in the account for the year. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform procedures to test revenues beyond obtaining certain issuer-produced reports and reports from external sources. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2810 30 The firm did not identify and evaluate the issuer's inaccurate disclosure of its revenue recognition policy. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 3 AS 2810 31 The firm did not identify and evaluate the issuer's inaccurate disclosure of its revenue recognition policy. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures related to disaggregated revenue and significant payment terms required by FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures related to disaggregated revenue and significant payment terms required by FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 2301 8 The firm did not perform any procedures to test goodwill. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Journal Entries 6 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform procedures to test revenue beyond obtaining certain external reports and issuer-produced reports. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Certain Assets and Related Liabilities 3 AS 2301 8 The firm did not perform procedures to test certain assets and related liabilities beyond obtaining an issuer-prepared report. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Journal Entries 4 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1105 4 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Audit Evidence 1 AS 1201 5 The firm did not complete all necessary procedures and obtain sufficient evidence to support the representations in the auditor's report. Specifically the firm did not review the work of engagement team members to evaluate whether the (1) work was performed and documented (2) objectives of the procedures were achieved and (3) results of the procedures performed supported the conclusions reached. (AS 1105.04; AS 1201.05) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm did not perform procedures beyond vouching a sample of journal entries to bank statements to evaluate whether the issuer had satisfied its performance obligations before revenue was recognized. Further the firm did not perform any procedures to test the completeness of the sub-ledger it used to make its selection of journal entries. (AS 1105.10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm did not perform procedures beyond vouching a sample of journal entries to bank statements to evaluate whether the issuer had satisfied its performance obligations before revenue was recognized. Further the firm did not perform any procedures to test the completeness of the sub-ledger it used to make its selection of journal entries. (AS 1105.10; AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A1 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A10 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A2 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A3 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A4 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A5 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A6 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A7 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A8 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 1105 A9 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2501 7 During the year the issuer acquired a business and engaged a specialist to estimate the fair value of the acquired intangible assets. The firm did not perform procedures to test the fair value of the acquired intangible assets beyond obtaining and reading the company's specialist's draft valuation report and an issuer-prepared purchase price allocation schedule. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures related to this business combination required by FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Business Combination 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures related to this business combination required by FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A1 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A10 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A2 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A3 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A4 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A5 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A6 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A7 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A8 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 1105 A9 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Goodwill 5 AS 2501 7 The issuer engaged an external valuation firm to perform a quantitative assessment of the possible impairment of goodwill. The firm did not perform procedures to test this assessment beyond obtaining and reading the valuation report prepared by the company's specialist. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Intangible Assets 6 AS 2501 7 The issuer reported an impairment loss for an intangible asset. The firm did not perform any procedures to test this impairment loss. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Intangible Assets 7 AS 2501 7 The issuer reported an impairment loss for an intangible asset. The firm did not perform any procedures to test the amortization expense for the issuer's intangible assets. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Journal Entries 8 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 1 AS 2301 13 The firm did not perform any procedures to test whether the issuer satisfied its performance obligations prior to the recognition of revenue. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 1 AS 2301 8 The firm did not perform any procedures to test whether the issuer satisfied its performance obligations prior to the recognition of revenue. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 10 AS 2410 17 The firm did not perform any procedures to test the disclosures related to the related party transactions. (AS 2410.17) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 11 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 2 AS 1105 10 The firm did not perform any procedures to test or identify and test controls over the accuracy and completeness of issuer-produced reports it used in its substantive procedures to test certain revenue. (AS 1105.10) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 3 AS 2301 8 The firm did not perform procedures beyond inquiry and obtaining the subledger details to test deferred revenue. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 4 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures related to revenue required by FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Revenue and Deferred Revenue Fraud Risk 4 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures related to revenue required by FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 5 AS 2410 12 The firm sent positive confirmation requests to related parties. The following deficiencies were identified: · The firm did not perform sufficient procedures to test related party transactions and balances because it limited its procedures to confirmation requests of the related party balances. (AS 2410.12) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 6 AS 1105 9 The firm sent positive confirmation requests to related parties. The following deficiencies were identified: · The firm did not identify certain conditions indicating that certain confirmation responses might not be authentic or might not have come from the purported source. As a result the firm did not perform additional audit procedures to respond to those conditions and evaluate their effect if any on the other aspects of the audit. (AS 1105.09) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 7 AS 2310 29 The firm sent positive confirmation requests to related parties. The following deficiencies were identified: · The firm received electronic responses to certain of its confirmation requests. The firm did not consider performing procedures to address the risks associated with the electronic responses such as verifying the source and contents of the confirmation responses. (AS 2310.29) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 8 AS 2310 33 The firm sent positive confirmation requests to related parties. The following deficiencies were identified: · The firm received a response from a related party in which the related party indicated that it both agreed and disagreed with the balances. The firm did not sufficiently evaluate the evidence provided by this confirmation because it did not consider the reliability of the confirmation the nature of the exceptions and whether additional evidence was needed. (AS 2310.33; AS 2810.03) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 8 AS 2810 3 The firm sent positive confirmation requests to related parties. The following deficiencies were identified: · The firm received a response from a related party in which the related party indicated that it both agreed and disagreed with the balances. The firm did not sufficiently evaluate the evidence provided by this confirmation because it did not consider the reliability of the confirmation the nature of the exceptions and whether additional evidence was needed. (AS 2310.33; AS 2810.03) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A G No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 9 AS 2501 7 The firm sent positive confirmation requests to related parties. The following deficiencies were identified: · The firm did not perform any procedures to test the allowance for doubtful accounts from related parties. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform procedures to test revenue beyond obtaining sales reports from external parties and a contract review analysis prepared by the issuer. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Stock-Based Compensation 2 AS 2301 8 The firm did not perform procedures to test stock-based compensation beyond obtaining certain issuer-prepared reports. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Investments 3 AS 2301 8 The firm did not perform any procedures to test certain investments. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A H No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 1 AS 2410 12 The issuer reported transactions with related parties in its financial statements. The following deficiencies were identified: · The firm did not perform procedures to test payables due to related parties beyond confirming the balance with a related party who was an executive officer of the issuer. (AS 2410.12) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 2 AS 2410 17 The issuer reported transactions with related parties in its financial statements. The following deficiencies were identified: · The firm did not perform procedures to evaluate whether the issuer's presentation of related party transactions in the statement of cash flows was in conformity with FASB ASC Topic 230 Statement of Cash Flows. (AS 2410.17) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 3 AS 2410 17 The issuer reported transactions with related parties in its financial statements. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to the terms and manner of settlement of related party transactions required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 3 AS 2810 30 The issuer reported transactions with related parties in its financial statements. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to the terms and manner of settlement of related party transactions required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Related Party Transactions 3 AS 2810 31 The issuer reported transactions with related parties in its financial statements. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to the terms and manner of settlement of related party transactions required by FASB ASC Topic 850 Related Party Disclosures. (AS 2410.17; AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Expenses 4 AS 2301 8 The firm did not perform any procedures to test certain expenses. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 4 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm selected a sample of transactions for certain types of revenue. The firm did not perform procedures beyond obtaining invoices and cash receipts to evaluate whether the issuer had satisfied its performance obligations prior to the recognition of revenue. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm selected a sample of transactions for certain types of revenue. The firm did not perform procedures beyond obtaining invoices and cash receipts to evaluate whether the issuer had satisfied its performance obligations prior to the recognition of revenue. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Journal Entries 10 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 4 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and reliability of a report from an external source that it used to test another type of revenue. (AS 1105.04 and .06) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 1105 6 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the relevance and reliability of a report from an external source that it used to test another type of revenue. (AS 1105.04 and .06) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 13 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm did not perform any procedures to test another type of revenue. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 8 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm did not perform any procedures to test another type of revenue. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 30 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to revenue required by FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2810 31 The issuer recognized several types of revenue. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to revenue required by FASB ASC Topic 606. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A1 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A10 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A2 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A3 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A4 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A5 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A6 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A7 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A8 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 1105 A9 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 5 AS 2501 7 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the fair value of certain intangible assets beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocations. Further the firm did not perform procedures beyond assessing the knowledge skills and ability of the company's specialist and the specialist's relationship to the issuer with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A6 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 6 AS 2501 7 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining and reading the issuer's purchase price allocation to test the fair value of certain other intangible assets. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 7 AS 2301 8 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform procedures to test the tangible assets acquired and liabilities assumed at the acquisition dates for these acquisitions. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 2301 8 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform any procedures to test the purchase consideration for these acquisitions including certain contingent consideration. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 8 AS 2501 7 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not perform any procedures to test the purchase consideration for these acquisitions including certain contingent consideration. (AS 2301.08; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 9 AS 2810 30 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to these business combinations required by FASB ASC Topic 805 and FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A J No Financial statement audit only Audits with multiple deficiencies Business Combination 9 AS 2810 31 During the year the issuer acquired certain businesses. For two of the acquisitions the issuer engaged a specialist to estimate the fair value of the acquired intangible assets. The following deficiencies were identified: · The firm did not identify and evaluate the issuer's omission of disclosures related to these business combinations required by FASB ASC Topic 805 and FASB ASC Topic 820. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2301 8 The firm did not perform procedures to test revenue and accounts receivable beyond obtaining issuer-produced reports and reports from external sources. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Journal Entries 10 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2501 7 The firm did not perform any procedures to test the allowance for doubtful accounts. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A K No Financial statement audit only Audits with multiple deficiencies Business Combination 3 AS 2301 8 During the year the issuer entered into a reverse merger agreement. The firm did not perform any procedures to evaluate whether the issuer's accounting for this transaction was in conformity with FASB ASC Topic 805 Business Combinations. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 13 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer appropriately (1) identified the performance obligations for these arrangements; (2) determined the standalone selling prices; and (3) allocated the transaction price to each separate performance obligation based on the standalone selling price. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 8 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The firm did not perform any procedures to evaluate whether the issuer appropriately (1) identified the performance obligations for these arrangements; (2) determined the standalone selling prices; and (3) allocated the transaction price to each separate performance obligation based on the standalone selling price. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A1 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A10 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A2 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A3 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A4 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A5 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A6 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A7 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A8 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 1105 A9 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 10 AS 2501 7 During the year the issuer acquired certain businesses and engaged a specialist to estimate the fair value of the acquired intangible assets and contingent consideration. The firm did not perform procedures to test the fair value of the intangible assets and contingent consideration beyond obtaining and reading the company's specialist's valuation reports and the purchase price allocation for one of the business combinations. Further the firm did not perform any procedures with respect to its use of the work of the company's specialist as audit evidence. (AS 1105.A1 - .A10; AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 11 AS 2810 30 The firm did not identify and evaluate the issuer's omission of disclosures related to these business combinations required by FASB ASC Topic 350 and FASB ASC Topic 805. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Business Combination 11 AS 2810 31 The firm did not identify and evaluate the issuer's omission of disclosures related to these business combinations required by FASB ASC Topic 350 and FASB ASC Topic 805. (AS 2810.30 and .31) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Journal Entries 12 AS 2401 58 The firm did not perform any procedures to identify and select journal entries and other adjustments for testing to address the potential for material misstatement due to fraud. (AS 2401.58) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2501 7 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The issuer recognized one type of revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The firm did not perform procedures to test this revenue beyond obtaining invoices bank statements purchase orders and/or contracts. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 3 AS 2501 7 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The issuer recognized one type of revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The firm did not perform procedures to test the related contract receivables and liabilities. (AS 2501.07) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2315 16 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · For two types of revenue the firm selected a sample of transactions for testing. The sample sizes the firm used in these substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample sizes including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2315 23 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · For two types of revenue the firm selected a sample of transactions for testing. The sample sizes the firm used in these substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample sizes including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 4 AS 2315 23A The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · For two types of revenue the firm selected a sample of transactions for testing. The sample sizes the firm used in these substantive procedures were too small to provide sufficient appropriate audit evidence because the firm did not take into account the relevant factors in determining its sample sizes including tolerable misstatement for the population the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .19 .23 and .23A) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2301 13 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · For one of the above two types of revenue the firm did not perform procedures to evaluate whether the issuer met its performance obligations prior to recognizing revenue beyond obtaining invoices contracts and/or cash receipts. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 5 AS 2301 8 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · For one of the above two types of revenue the firm did not perform procedures to evaluate whether the issuer met its performance obligations prior to recognizing revenue beyond obtaining invoices contracts and/or cash receipts. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 6 AS 2315 14 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · To test a fourth type of revenue the firm selected a sample of transactions from one month. The firm did not perform any procedures to test the remaining population of revenue transactions. (AS 2315.24) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2301 13 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The firm did not perform procedures to test the disclosures related to revenue beyond comparing total revenues in the disclosures to the statement of operations. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 7 AS 2301 8 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The firm did not perform procedures to test the disclosures related to revenue beyond comparing total revenues in the disclosures to the statement of operations. (AS 2301.08 and .13) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 8 AS 2301 8 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The firm did not perform procedures beyond obtaining the subledgers to test accounts receivable and customer deposits. (AS 2301.08) Annually Inspected 5041 B F Borgers CPA PC 2023 United States 2024-06-20T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 9 AS 2501 7 The issuer entered into revenue arrangements with multiple elements and asserted that it allocated the total consideration from these arrangements between the different types of revenue based on the standalone selling prices. The following deficiencies were identified: · The firm did not perform any procedures to test the allowance for doubtful accounts. (AS 2501.07) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 1 AS 2201 46 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 46 The issuer used an information-technology (IT) system to initiate process and record transactions related to certain revenue and inventory. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of the following deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 10 AS 2201 42 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue with a corresponding liability for sales incentives. The firm selected for testing controls that consisted of the issuer's review and approval of these sales incentives. The following deficiencies were identified: · For one of these controls the firm did not test the aspect of the control that addressed the control owner's review of the accuracy of certain sales incentives. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over certain of these sales incentives and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 10 AS 2201 44 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue with a corresponding liability for sales incentives. The firm selected for testing controls that consisted of the issuer's review and approval of these sales incentives. The following deficiencies were identified: · For one of these controls the firm did not test the aspect of the control that addressed the control owner's review of the accuracy of certain sales incentives. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over certain of these sales incentives and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 11 AS 2201 42 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue with a corresponding liability for sales incentives. The firm selected for testing controls that consisted of the issuer's review and approval of these sales incentives. The following deficiencies were identified: · For another of these controls the control owner used an automated tool to assess the accuracy of certain other sales incentives. The firm did not test the configuration or programming of this tool or perform other procedures to test this tool that would have provided sufficient appropriate audit evidence that this aspect of the control was designed and operating effectively. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over certain of these sales incentives and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 11 AS 2201 44 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue with a corresponding liability for sales incentives. The firm selected for testing controls that consisted of the issuer's review and approval of these sales incentives. The following deficiencies were identified: · For another of these controls the control owner used an automated tool to assess the accuracy of certain other sales incentives. The firm did not test the configuration or programming of this tool or perform other procedures to test this tool that would have provided sufficient appropriate audit evidence that this aspect of the control was designed and operating effectively. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over certain of these sales incentives and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 12 AS 2201 46 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue with a corresponding liability for sales incentives. The firm selected for testing controls that consisted of the issuer's review and approval of these sales incentives. The following deficiencies were identified: · The firm's testing of an aspect of these controls that addressed whether these sales incentives were appropriately recorded in the general ledger was not sufficient because the number of items the firm selected for testing did not provide sufficient appropriate audit evidence given the frequency with which the controls operated. (AS 2201.46) In connection with our review the issuer reevaluated its controls over certain of these sales incentives and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 13 AS 1105 10 The issuer offered various forms of sales incentives to customers that were recorded as deductions from revenue with a corresponding liability for sales incentives. The firm selected for testing controls that consisted of the issuer's review and approval of these sales incentives. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing these controls. (AS 1105.10) In connection with our review the issuer reevaluated its controls over certain of these sales incentives and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 14 AS 1105 10 The firm performed substantive procedures to test the accuracy of certain issuer-produced data the firm used in its testing of the sales incentive liability. The sample sizes the firm used in certain of these substantive procedures were smaller than the ones the firm determined necessary to provide sufficient appropriate audit evidence. Further the firm did not perform any procedures to test or test any controls over the completeness of these data. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 15 AS 2201 39 The issuer held certain inventory at external warehouses. The firm selected for testing controls that consisted of the issuer's review and reconciliation of this inventory to the general ledger. The firm did not identify and test any controls over the (1) accuracy and completeness of certain issuer-produced data and reports and (2) reliability of data and reports that the issuer obtained from the external warehouses that were used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 16 AS 2201 42 The issuer held certain inventory at external warehouses. The firm selected for testing controls that consisted of the issuer's review and reconciliation of this inventory to the general ledger. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items that met the criteria for investigation were identified for review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 16 AS 2201 44 The issuer held certain inventory at external warehouses. The firm selected for testing controls that consisted of the issuer's review and reconciliation of this inventory to the general ledger. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items that met the criteria for investigation were identified for review. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combination 17 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of the assets acquired and liabilities assumed. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of the recorded amounts of certain assets acquired and liabilities assumed. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Business Combination 17 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of the assets acquired and liabilities assumed. The firm did not evaluate the specific review procedures that the control owner performed to assess the appropriateness of the recorded amounts of certain assets acquired and liabilities assumed. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 2 AS 2201 42 The firm selected for testing a control that consisted of the issuer's reviews of changes made to this IT system through administrative user access. The firm did not evaluate the specific review procedures that the control owners performed to assess whether (1) users performed appropriate actions when granted this access and (2) this access was appropriately granted for the instances selected for testing. Further the firm did not determine whether the control owners possessed the necessary authority and competence to perform this control. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 2 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reviews of changes made to this IT system through administrative user access. The firm did not evaluate the specific review procedures that the control owners performed to assess whether (1) users performed appropriate actions when granted this access and (2) this access was appropriately granted for the instances selected for testing. Further the firm did not determine whether the control owners possessed the necessary authority and competence to perform this control. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2201 42 The firm selected for testing a control that consisted of the issuer's reviews of changes made to this IT system through administrative user access. The firm did not evaluate the specific review procedures that the control owners performed to assess whether (1) users performed appropriate actions when granted this access and (2) this access was appropriately granted for the instances selected for testing. Further the firm did not determine whether the control owners possessed the necessary authority and competence to perform this control. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reviews of changes made to this IT system through administrative user access. The firm did not evaluate the specific review procedures that the control owners performed to assess whether (1) users performed appropriate actions when granted this access and (2) this access was appropriately granted for the instances selected for testing. Further the firm did not determine whether the control owners possessed the necessary authority and competence to perform this control. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 3 AS 2201 39 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · The firm did not identify and test any controls over the completeness of certain data that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 2201 39 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · The firm did not identify and test any controls over the completeness of certain data that the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 4 AS 1105 10 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing these controls. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 4 AS 1105 10 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · The firm did not perform any procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing these controls. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 5 AS 2201 42 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · One of these controls consisted of the issuer's review and approval of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owners performed to assess whether these changes had met the necessary criteria to be implemented into the production environment. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 5 AS 2201 44 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · One of these controls consisted of the issuer's review and approval of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owners performed to assess whether these changes had met the necessary criteria to be implemented into the production environment. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 5 AS 2201 42 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · One of these controls consisted of the issuer's review and approval of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owners performed to assess whether these changes had met the necessary criteria to be implemented into the production environment. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 5 AS 2201 44 The firm selected for testing controls over managing changes to the issuer's production environment. The following deficiencies were identified: · One of these controls consisted of the issuer's review and approval of changes made to this IT system. The firm did not evaluate the specific review procedures that the control owners performed to assess whether these changes had met the necessary criteria to be implemented into the production environment. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2301 16 The sample sizes that the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2301 18 The sample sizes that the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2301 37 The sample sizes that the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2315 19 The sample sizes that the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2315 23 The sample sizes that the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Inventory 6 AS 2315 23A The sample sizes that the firm used in certain of its substantive procedures to test this inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 7 AS 2201 39 The firm selected for testing various controls over the processing and recording of certain revenue. The firm did not identify and test any controls over the accuracy and/or completeness of certain data and reports the control owners used in the operation of these controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 8 AS 2201 42 The firm selected for testing an automated control over the appropriateness of the prices that the issuer used to record revenue. The firm did not test the programming of this automated control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 8 AS 2201 44 The firm selected for testing an automated control over the appropriateness of the prices that the issuer used to record revenue. The firm did not test the programming of this automated control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue and Related Accounts Fraud Risk 9 AS 2201 39 The firm selected for testing an automated control over the appropriateness of the prices that the issuer used to record revenue. The firm did not identify and test any controls over the accuracy and completeness of certain pricing data used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 39 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the methods that the issuer used to estimate the standalone selling prices were in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2201.39) In connection with our review the issuer reevaluated its controls over the methods it used to estimate standalone selling prices and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. The issuer also reevaluated its disclosures related to standalone selling prices and determined that a disclosure was misstated. The issuer corrected this misstatement in an amended Form 10-K. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 2501 10 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The following deficiencies were identified: · The firm did not evaluate whether the methods that the issuer used to estimate the standalone selling prices were in conformity with FASB ASC Topic 606. (AS 2501.10) In connection with our review the issuer reevaluated its controls over the methods it used to estimate standalone selling prices and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. The issuer also reevaluated its disclosures related to standalone selling prices and determined that a disclosure was misstated. The issuer corrected this misstatement in an amended Form 10-K. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 3 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the relative standalone selling prices. The following deficiencies were identified: · The firm did not perform substantive procedures to evaluate the accuracy of the issuer's disclosures related to standalone selling prices under FASB ASC Topic 606. (AS 2301.08) In connection with our review the issuer reevaluated its controls over the methods it used to estimate standalone selling prices and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. The issuer also reevaluated its disclosures related to standalone selling prices and determined that a disclosure was misstated. The issuer corrected this misstatement in an amended Form 10-K. Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 1 AS 2201 39 The firm did not identify and test any controls over long-lived assets and depreciation expense. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 10 AS 1105 A8a During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm did not test or test any controls over the accuracy and completeness of certain issuer-produced data that the company's specialist used to develop certain of these assumptions. (AS 1105.A8a) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 11 AS 2301 8 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm did not evaluate whether the issuer was required to make certain disclosures related to these business combinations in conformity with FASB ASC Topic 805 Business Combinations beyond asserting that these disclosures were either not material to the financial statements or not applicable. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 8 The firm did not perform any substantive procedures to test certain long-lived assets and depreciation expense. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2301 8 For certain other long-lived assets the following deficiencies were identified: · The firm did not perform any substantive procedures to test these long-lived assets for possible impairment beyond reading an issuer-prepared memorandum. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2315 16 For certain other long-lived assets the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test these long-lived assets were too small to provide sufficient appropriate audit evidence because in determining the sample sizes the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2315 23 For certain other long-lived assets the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test these long-lived assets were too small to provide sufficient appropriate audit evidence because in determining the sample sizes the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 4 AS 2315 23A For certain other long-lived assets the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test these long-lived assets were too small to provide sufficient appropriate audit evidence because in determining the sample sizes the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets and Liabilities 5 AS 2201 39 The firm did not identify and test any controls over the issuer's domestic pension assets and liabilities. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets and Liabilities 6 AS 2301 8 The firm did not perform any substantive procedures to (1) test the fair value of these pension assets and (2) evaluate the appropriateness of the issuer's categorization of these pension assets within the fair value hierarchy set forth in FASB ASC Topic 820 Fair Value Measurement beyond obtaining a confirmation from the pension asset custodian. (AS 2301.08; AS 2501.07) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Pension Assets and Liabilities 6 AS 2501 7 The firm did not perform any substantive procedures to (1) test the fair value of these pension assets and (2) evaluate the appropriateness of the issuer's categorization of these pension assets within the fair value hierarchy set forth in FASB ASC Topic 820 Fair Value Measurement beyond obtaining a confirmation from the pension asset custodian. (AS 2301.08; AS 2501.07) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 7 AS 2201 42 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm selected for testing three controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets. For two of these controls the firm did not evaluate the criteria the control owners used to identify items for follow-up when assessing the reasonableness of certain assumptions used. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 7 AS 2201 44 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm selected for testing three controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets. For two of these controls the firm did not evaluate the criteria the control owners used to identify items for follow-up when assessing the reasonableness of certain assumptions used. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 8 AS 2201 42 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm selected for testing three controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets. For the third control the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 8 AS 2201 44 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm selected for testing three controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets. For the third control the firm did not evaluate the review procedures that the control owners performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 9 AS 2201 39 During the year the issuer acquired multiple businesses and engaged specialists to determine the fair value of certain acquired intangible assets using various assumptions. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy and completeness of certain issuer-produced data that the company's specialist used to develop certain of these assumptions. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 1 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to revenue and the related deferred revenue. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 10 AS 2201 39 The firm selected for testing various manual controls over the issuer's deferred revenue calculation. The following deficiencies were identified: · For three of these controls the firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of the controls. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 11 AS 1105 10 The firm selected for testing various manual controls over the issuer's deferred revenue calculation. The following deficiencies were identified: · For another of these controls the firm did not test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 12 AS 2201 42 The firm's testing of an automated control over deferred revenue was not sufficient because the firm did not test the configuration or programming of this control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that this control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 12 AS 2201 44 The firm's testing of an automated control over deferred revenue was not sufficient because the firm did not test the configuration or programming of this control or perform other procedures to test this control that would have provided sufficient appropriate audit evidence that this control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 2 AS 2201 39 The firm selected for testing a control over managing changes to the issuer's production environment for each of these IT systems. The following deficiencies were identified: · For two IT systems the firm did not identify and test any controls over the completeness of the populations of changes that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 39 The firm selected for testing a control over managing changes to the issuer's production environment for each of these IT systems. The following deficiencies were identified: · For two IT systems the firm did not identify and test any controls over the completeness of the populations of changes that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 3 AS 2201 46 The firm selected for testing a control over managing changes to the issuer's production environment for each of these IT systems. The following deficiencies were identified: · For two other IT systems the firm did not perform sufficient procedures to test controls over the completeness of the populations of changes that the control owners used in the operation of the control because it limited its procedures to inspecting evidence that the control owner traced one system change into the populations used. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 46 The firm selected for testing a control over managing changes to the issuer's production environment for each of these IT systems. The following deficiencies were identified: · For two other IT systems the firm did not perform sufficient procedures to test controls over the completeness of the populations of changes that the control owners used in the operation of the control because it limited its procedures to inspecting evidence that the control owner traced one system change into the populations used. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 4 AS 2201 42 The firm selected for testing a control over managing changes to the issuer's production environment for each of these IT systems. The following deficiencies were identified: · For another IT system when evaluating the design of the control the firm did not assess whether the control owner's review of system changes was sufficiently precise to achieve the control's objective. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 The firm selected for testing a control over managing changes to the issuer's production environment for each of these IT systems. The following deficiencies were identified: · For another IT system when evaluating the design of the control the firm did not assess whether the control owner's review of system changes was sufficiently precise to achieve the control's objective. (AS 2201.42) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 5 AS 2201 39 The issuer used a service organization to maintain databases that the issuer used in the recognition of revenue and the related deferred revenue. The firm obtained a service auditor's report and identified complementary user entity controls that the service auditor's report described as necessary. The firm did not perform procedures to evaluate whether the issuer had implemented these controls with respect to one of these databases. (AS 2201.39 and .B22) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Deferred Revenue Fraud Risk 5 AS 2201 B22 The issuer used a service organization to maintain databases that the issuer used in the recognition of revenue and the related deferred revenue. The firm obtained a service auditor's report and identified complementary user entity controls that the service auditor's report described as necessary. The firm did not perform procedures to evaluate whether the issuer had implemented these controls with respect to one of these databases. (AS 2201.39 and .B22) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 The issuer used a service organization to maintain databases that the issuer used in the recognition of revenue and the related deferred revenue. The firm obtained a service auditor's report and identified complementary user entity controls that the service auditor's report described as necessary. The firm did not perform procedures to evaluate whether the issuer had implemented these controls with respect to one of these databases. (AS 2201.39 and .B22) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 B22 The issuer used a service organization to maintain databases that the issuer used in the recognition of revenue and the related deferred revenue. The firm obtained a service auditor's report and identified complementary user entity controls that the service auditor's report described as necessary. The firm did not perform procedures to evaluate whether the issuer had implemented these controls with respect to one of these databases. (AS 2201.39 and .B22) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 16 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 18 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2301 37 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 19 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2315 23A As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 1105 10 As a result of the firm's control testing deficiencies the firm did not perform sufficient substantive procedures over revenue as follows: · The firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and completeness of certain system-generated data or reports the firm used in its substantive testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 42 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on the expected cost plus a margin approach which included significant assumptions related to the expected costs of satisfying each of the performance obligations. The following deficiencies were identified: · The firm selected for testing controls that included the issuer's reviews of the estimated standalone selling prices including the significant assumptions. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these significant assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 44 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on the expected cost plus a margin approach which included significant assumptions related to the expected costs of satisfying each of the performance obligations. The following deficiencies were identified: · The firm selected for testing controls that included the issuer's reviews of the estimated standalone selling prices including the significant assumptions. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these significant assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2501 16 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The estimated standalone selling prices were based on the expected cost plus a margin approach which included significant assumptions related to the expected costs of satisfying each of the performance obligations. The following deficiencies were identified: · The firm's approach for substantively testing the estimated standalone selling prices was to test the issuer's process. The firm did not perform procedures to evaluate the reasonableness of the expected costs of satisfying each of the performance obligations. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 1 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and a certain asset and liability. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer used multiple IT systems to initiate process and record transactions related to certain revenue and a certain asset and liability. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by these IT systems. As a result of the following deficiencies in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 10 AS 2201 39 The firm selected for testing an automated control over transactions related to this asset and liability. The firm did not identify and test any controls over the accuracy and completeness of certain information that was used in the operation of this automated control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 11 AS 1105 10 The firm selected for testing two additional controls over transactions related to this asset and liability but did not test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 12 AS 2201 39 The firm did not identify and test any controls that addressed certain risks related to the issuer's ability to hold or control rights to this asset. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 2 AS 1105 10 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · For certain of these controls the firm did not test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · For certain of these controls the firm did not test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 3 AS 2201 44 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · When testing the operating effectiveness of certain of these controls the firm did not determine whether the control owners possessed the necessary competence to perform these controls effectively. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 3 AS 2201 44 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · When testing the operating effectiveness of certain of these controls the firm did not determine whether the control owners possessed the necessary competence to perform these controls effectively. (AS 2201.44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 4 AS 2201 42 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of an aspect of one of these controls that involved the use of automated tools was not sufficient because the firm did not test the configuration of these tools or perform other procedures to test these tools that would have provided sufficient appropriate audit evidence that this aspect of the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 4 AS 2201 44 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of an aspect of one of these controls that involved the use of automated tools was not sufficient because the firm did not test the configuration of these tools or perform other procedures to test these tools that would have provided sufficient appropriate audit evidence that this aspect of the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 4 AS 2201 42 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of an aspect of one of these controls that involved the use of automated tools was not sufficient because the firm did not test the configuration of these tools or perform other procedures to test these tools that would have provided sufficient appropriate audit evidence that this aspect of the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 4 AS 2201 44 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of an aspect of one of these controls that involved the use of automated tools was not sufficient because the firm did not test the configuration of these tools or perform other procedures to test these tools that would have provided sufficient appropriate audit evidence that this aspect of the control was designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 5 AS 2201 42 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of one of these controls was not sufficient because it did not evaluate whether the changes it selected were appropriately tested by the issuer prior to implementation into the production environment. Further the firm's testing of another control was not sufficient because its procedures to test the control were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 5 AS 2201 44 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of one of these controls was not sufficient because it did not evaluate whether the changes it selected were appropriately tested by the issuer prior to implementation into the production environment. Further the firm's testing of another control was not sufficient because its procedures to test the control were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 5 AS 2201 42 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of one of these controls was not sufficient because it did not evaluate whether the changes it selected were appropriately tested by the issuer prior to implementation into the production environment. Further the firm's testing of another control was not sufficient because its procedures to test the control were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 5 AS 2201 44 The firm selected for testing controls over change management that consisted of the review and testing of changes to certain IT systems prior to implementation into the production environment. The following deficiencies were identified: · The firm's testing of one of these controls was not sufficient because it did not evaluate whether the changes it selected were appropriately tested by the issuer prior to implementation into the production environment. Further the firm's testing of another control was not sufficient because its procedures to test the control were limited to inquiry. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 6 AS 2201 36 The firm selected for testing a control that consisted of the issuer's review of user access to another IT system. The firm did not identify and test any controls over the accuracy of certain information that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 6 AS 2201 36 The firm selected for testing a control that consisted of the issuer's review of user access to another IT system. The firm did not identify and test any controls over the accuracy of certain information that the control owners used in the operation of the control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 7 AS 2201 36 The firm selected for testing a control that consisted of the issuer's review of user access to another IT system. The firm did not identify and test any controls that addressed the risk that inappropriate changes could be made to data in this IT system by users with certain access. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue 7 AS 2201 36 The firm selected for testing a control that consisted of the issuer's review of user access to another IT system. The firm did not identify and test any controls that addressed the risk that inappropriate changes could be made to data in this IT system by users with certain access. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 8 AS 2201 39 During the year the issuer implemented an IT system that was used to initiate process and record transactions related to this asset and liability. The firm did not identify and test any controls that addressed certain risks related to the configurations within this IT system. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 9 AS 2201 42 The firm selected for testing a control that consisted of the issuer's reconciliation of a portion of this asset and liability to supporting documentation and review of variances. The firm did not evaluate whether the control owners' review of certain variances at an aggregated level was sufficient to address the risks of material misstatement. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Certain Asset and Liability 9 AS 2201 44 The firm selected for testing a control that consisted of the issuer's reconciliation of a portion of this asset and liability to supporting documentation and review of variances. The firm did not evaluate whether the control owners' review of certain variances at an aggregated level was sufficient to address the risks of material misstatement. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 For one type of revenue the firm did not identify and test any controls over the issuer's identification and evaluation of contract terms that could affect revenue recognition. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 The firm's substantive procedures to test this revenue included selecting a sample of transactions for testing. For certain of the transactions selected for testing the firm did not obtain and evaluate the customer contract to assess whether revenue was appropriately recognized. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 42 For another type of revenue the issuer used models to estimate certain contractual adjustments. The firm selected for testing a control that consisted of the issuer's review of these models. The firm did not evaluate the specific review procedures the control owners performed to assess the reasonableness of the output of these models. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 44 For another type of revenue the issuer used models to estimate certain contractual adjustments. The firm selected for testing a control that consisted of the issuer's review of these models. The firm did not evaluate the specific review procedures the control owners performed to assess the reasonableness of the output of these models. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 39 For another type of revenue the issuer used models to estimate certain contractual adjustments. The firm selected for testing a control that consisted of the issuer's review of these models. The firm did not identify and test any controls over the accuracy and completeness of certain data that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 42 The firm selected for testing two automated controls over certain revenue accounts receivable and inventory. The firm's testing of these automated controls was not sufficient because the firm did not test the programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 44 The firm selected for testing two automated controls over certain revenue accounts receivable and inventory. The firm's testing of these automated controls was not sufficient because the firm did not test the programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm selected for testing two automated controls over certain revenue accounts receivable and inventory. The firm's testing of these automated controls was not sufficient because the firm did not test the programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm selected for testing two automated controls over certain revenue accounts receivable and inventory. The firm's testing of these automated controls was not sufficient because the firm did not test the programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 42 The firm selected for testing two automated controls over certain revenue accounts receivable and inventory. The firm's testing of these automated controls was not sufficient because the firm did not test the programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 44 The firm selected for testing two automated controls over certain revenue accounts receivable and inventory. The firm's testing of these automated controls was not sufficient because the firm did not test the programming of these controls or perform other procedures to test these controls that would have provided sufficient appropriate audit evidence that these controls were designed and operating effectively. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test accounts receivable was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 3 AS 2301 8 The firm did not evaluate whether the issuer was required to disclose the amount of goodwill allocated to reporting units with zero or negative carrying amounts in conformity with FASB ASC Topic 350 Intangibles – Goodwill and Other beyond asserting that this disclosure would not be material to the financial statements. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 42 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The issuer recorded subsequent adjustments to the provisional fair value of these acquired intangible assets during the measurement period. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets including the assumptions used in these cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the reasonableness of certain of these assumptions and (2) whether the subsequent adjustments were based on new information obtained about facts and circumstances that existed as of the acquisition date. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 44 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The issuer recorded subsequent adjustments to the provisional fair value of these acquired intangible assets during the measurement period. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets including the assumptions used in these cash-flow forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess (1) the reasonableness of certain of these assumptions and (2) whether the subsequent adjustments were based on new information obtained about facts and circumstances that existed as of the acquisition date. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 2 AS 2501 16 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The issuer recorded subsequent adjustments to the provisional fair value of these acquired intangible assets during the measurement period. The following deficiencies were identified: · The firm's approach for substantively testing the valuation of these acquired intangible assets was to test the issuer's process. The firm did not perform any procedures to evaluate the reasonableness of certain significant assumptions used in these cash-flow forecasts. (AS 2501.16) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 3 AS 2301 8 During the year the issuer acquired a business and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The issuer recorded subsequent adjustments to the provisional fair value of these acquired intangible assets during the measurement period. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate whether the issuer's subsequent adjustments were based on new information obtained about facts and circumstances that existed as of the acquisition date. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 1105 10 The issuer recognized revenue from one of its products net of rebates and other sales incentives that it estimated based on certain historical data. The firm did not sufficiently test the completeness of these data because it did not test whether these data included all contractual rebates and other sales incentives owed to the customer. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 1 AS 1105 10 For certain revenue and deferred revenue the firm did not perform any procedures to test or test any controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Deferred Revenue Fraud Risk 1 AS 2305 16 For certain revenue and deferred revenue the firm did not perform any procedures to test or test any controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 1105 10 For certain revenue and deferred revenue the firm did not perform any procedures to test or test any controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue 1 AS 2305 16 For certain revenue and deferred revenue the firm did not perform any procedures to test or test any controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing including substantive analytical procedures. (AS 1105.10; AS 2305.16) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue 2 AS 1105 10 The firm's procedures to test the accuracy of certain other issuer-produced data the firm used in its substantive testing of certain of this revenue consisted of selecting a sample of items for testing. The sample sizes the firm used in these substantive procedures were smaller than the ones the firm determined necessary to provide sufficient appropriate audit evidence. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 1 AS 2201 39 With respect to two types of revenue the following deficiencies were identified: · The firm did not identify and test any controls that addressed whether the performance obligation was satisfied before revenue was recognized. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 2 AS 2301 8 With respect to two types of revenue the following deficiencies were identified: · For the first type of revenue the firm did not perform any substantive procedures to test whether the performance obligation was satisfied before revenue was recognized. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 3 AS 1105 10 With respect to two types of revenue the following deficiencies were identified: · For the second type of revenue the firm used issuer-produced delivery data in its substantive testing but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts 4 AS 2301 8 The firm did not perform procedures beyond inquiring of management and reading an issuer-prepared memorandum to evaluate whether the issuer's balance sheet presentation of certain customer deposits and sales commissions was in conformity with GAAP. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 42 During the year the issuer acquired multiple businesses and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets including the assumptions and data used in these cash-flow forecasts. For one of these controls the firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 44 During the year the issuer acquired multiple businesses and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets including the assumptions and data used in these cash-flow forecasts. For one of these controls the firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain of these assumptions. (AS 2201.42 and .44) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 2201 39 During the year the issuer acquired multiple businesses and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of the fair value of these acquired intangible assets including the assumptions and data used in these cash-flow forecasts. For one of these controls the firm did not identify and test any controls over the accuracy and completeness of certain of these data for one of these acquired businesses. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 3 AS 1105 10 During the year the issuer acquired multiple businesses and determined the fair value of certain acquired intangible assets using cash-flow forecasts. The following deficiencies were identified: · The firm used certain data in its substantive testing of one of these acquired businesses but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2315 16 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the allowance for credit losses (ACL). The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not consider the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2315 23 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the allowance for credit losses (ACL). The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not consider the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Allowance for Credit Losses 1 AS 2315 23A The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the allowance for credit losses (ACL). The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not consider the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Loans 2 AS 2810 30 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 820 related to the carrying value of loans compared to their fair value. (AS 2810.30 and 31) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Loans 2 AS 2810 31 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 820 related to the carrying value of loans compared to their fair value. (AS 2810.30 and 31) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 1 AS 2201 39 During the year the issuer entered into a transaction and engaged a specialist to assist it in determining the fair value of certain long-lived assets recorded in connection with the transaction. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of certain issuer-produced data that the company's specialist used to determine the fair value of these long-lived assets. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A M No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination 2 AS 1105 A8a During the year the issuer entered into a transaction and engaged a specialist to assist it in determining the fair value of certain long-lived assets recorded in connection with the transaction. The following deficiencies were identified: · The firm did not test or test any controls over the accuracy of these issuer-produced data that the company's specialist used to determine the fair value of these long-lived assets. (AS 1105.A8a) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The issuer recorded the cost of certain manufactured inventory based on the weight of the raw materials included in the inventory items. The firm did not identify and test any controls over the accuracy of these weights. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2510 9 The firm's substantive procedures to test the existence of inventory at one of the issuer's locations were not suitable because they did not provide any evidence of the quantity and physical condition of the inventory. (AS 2510.09) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 1 AS 2201 39 The issuer used multiple service organizations to initiate process and record transactions related to mortgage servicing rights (MSRs). The valuation of MSRs was determined based on certain loan data that these service organizations provided to the issuer. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of these data. (AS 2201.39 and .B19) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 1 AS 2201 B19 The issuer used multiple service organizations to initiate process and record transactions related to mortgage servicing rights (MSRs). The valuation of MSRs was determined based on certain loan data that these service organizations provided to the issuer. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of these data. (AS 2201.39 and .B19) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A O No Both financial statement and ICFR audits Audits with multiple deficiencies Mortgage Servicing Rights 2 AS 2301 8 The issuer used multiple service organizations to initiate process and record transactions related to mortgage servicing rights (MSRs). The valuation of MSRs was determined based on certain loan data that these service organizations provided to the issuer. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of these data. (AS 2201.39 and .B19) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Derivatives 1 AS 2301 8 The firm did not evaluate whether the issuer had appropriately calculated and presented certain derivative losses in the statement of cash flows. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Derivatives 2 AS 2810 30 The firm did not identify and evaluate the issuer's omission of certain disclosures related to these derivative losses that were required under FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A P No Financial statement audit only Audits with multiple deficiencies Derivatives 2 AS 2810 31 The firm did not identify and evaluate the issuer's omission of certain disclosures related to these derivative losses that were required under FASB ASC Topic 230 Statement of Cash Flows. (AS 2810.30 and .31) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A Q No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2301 8 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm did not perform sufficient procedures to test these transactions because its procedures were limited to comparing the transactions to information from the same system from which the transactions were selected. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Allowance for Credit Losses 1 AS 2315 16 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the allowance for credit losses (ACL). The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not consider the relationship of the sample to the relevant audit objective and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Allowance for Credit Losses 1 AS 2315 23 The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the allowance for credit losses (ACL). The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not consider the relationship of the sample to the relevant audit objective and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A R No Financial statement audit only Audits with a single deficiency Allowance for Credit Losses 1 AS 2315 23A The issuer assigned certain loans a loan risk rating which was an important input in estimating the quantitative component of the allowance for credit losses (ACL). The firm's substantive procedures to test the reasonableness of the assigned loan risk rating for these loans included selecting a sample of loans for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining its sample the firm did not consider the relationship of the sample to the relevant audit objective and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A S No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 39 For certain revenue the firm selected for testing a control that consisted of the issuer's reviews of monthly revenue compared to the corresponding prior-period revenue. The firm did not identify and test any controls over the accuracy and completeness of certain data that the control owners used in the operation of this control. (AS 2201.39) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A T No Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 61 To identify and select journal entries for testing the firm identified fraud characteristics and obtained a list of all journal entries with these characteristics. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain journal entries without having an appropriate rationale for limiting its testing to those certain journal entries. (AS 2401.61) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A U No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2301 8 The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of its investment securities within the fair value hierarchy set forth in FASB ASC Topic 820. (AS 2301.08) Annually Inspected 42 Ernst & Young LLP 2023 United States Ernst & Young Global Limited 2024-06-12T00:00:00 Part I.A V No Financial statement audit only Audits with a single deficiency Investment Securities 1 AS 2315 24 To test the fair value of certain investment securities the firm selected a sample of investments for testing. The firm did not select sample items in such a way that could be expected to be representative of the population because it excluded a portion of the population when selecting sample items to test. (AS 2315.24) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of project budgets and status by contract including the estimated costs to complete. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the project budgets and related assumptions. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of project budgets and status by contract including the estimated costs to complete. The firm did not evaluate the specific review procedures that the control owners performed to evaluate the reasonableness of the project budgets and related assumptions. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2501 16 The issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The following deficiencies were identified: · The firm did not perform any procedures beyond inquiring of project managers to evaluate the reasonableness of the significant assumptions that the issuer used to develop the estimated costs to complete the contracts the firm selected for testing. (AS 2501.16) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 42 The firm selected for testing various controls that consisted of the issuer's reviews of additions to long-lived assets. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether additions were properly capitalized and allocated to the correct asset group. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Long-Lived Assets 3 AS 2201 44 The firm selected for testing various controls that consisted of the issuer's reviews of additions to long-lived assets. The firm did not evaluate the specific review procedures that the control owners performed to evaluate whether additions were properly capitalized and allocated to the correct asset group. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2501 16 The issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The firm did not perform any procedures beyond inquiring of management to evaluate the reasonableness of the significant assumptions that the issuer used to develop the estimated costs to complete the contracts the firm selected for testing. (AS 2501.16) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Taxes 2 AS 2501 16 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included various significant assumptions. The following deficiencies were identified: · For the first year of the forecast period the firm did not sufficiently evaluate the reasonableness of a significant assumption because its procedures were limited to comparing the assumption to the issuer's recent experience. (AS 2501.16) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Taxes 3 AS 2501 16 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included various significant assumptions. The following deficiencies were identified: · For the remaining years of the forecast period the firm did not perform any procedures to evaluate the reasonableness of the significant assumptions. (AS 2501.16) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Taxes 4 AS 1105 10 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included various significant assumptions. The following deficiencies were identified: · The firm did not perform procedures to test or test controls over the accuracy and completeness of certain information produced by the issuer that the firm used in its substantive testing of the deferred tax assets that were subject to the valuation allowance. (AS 1105.10) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Taxes 5 AS 2810 30 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included various significant assumptions. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 740 Income Taxes. (AS 2810.30 and .31) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Income Taxes 5 AS 2810 31 The issuer recorded a partial valuation allowance against its recorded deferred tax assets based on forecasted taxable income which included various significant assumptions. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 740 Income Taxes. (AS 2810.30 and .31) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2510 12 The issuer performed a combination of cycle counts and full physical counts of inventory held at certain locations. To test the existence of inventory at these locations the firm performed independent physical counts of inventory before year end. The firm did not test any intervening transactions and did not inspect any records of the issuer's counts and procedures on which the year-end inventory was based. (AS 2510.12) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 2315 16 The firm's sample to test the issuer's reserve for excess and obsolete inventory at one business unit was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 2315 23 The firm's sample to test the issuer's reserve for excess and obsolete inventory at one business unit was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 2315 23A The firm's sample to test the issuer's reserve for excess and obsolete inventory at one business unit was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement the allowable risk of incorrect acceptance and the characteristics of the population. (AS 2315.16 .23 and .23A) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 3 AS 2315 24 The firm's sample was not representative of the population because the firm selected inventory items that had a recorded reserve but did not select any items that did not have a recorded reserve. (AS 2315.24) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Intangible Asset 4 AS 2501 16 The issuer evaluated an intangible asset for possible impairment using various assumptions it developed including forecasted revenue that assumed significant growth. The firm did not perform any procedures beyond inquiring of management to evaluate the reasonableness of the significant revenue growth assumptions. (AS 2501.16) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 1105 4 During the year the issuer recorded certain revenue from consignment arrangements whereby revenue was recognized and inventory was relieved when products were shipped to customers by resellers. The firm did not perform any procedures to evaluate the reliability of the information that it obtained from resellers and used to test this revenue and the inventory held on consignment. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 1105 6 During the year the issuer recorded certain revenue from consignment arrangements whereby revenue was recognized and inventory was relieved when products were shipped to customers by resellers. The firm did not perform any procedures to evaluate the reliability of the information that it obtained from resellers and used to test this revenue and the inventory held on consignment. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 1105 4 During the year the issuer recorded certain revenue from consignment arrangements whereby revenue was recognized and inventory was relieved when products were shipped to customers by resellers. The firm did not perform any procedures to evaluate the reliability of the information that it obtained from resellers and used to test this revenue and the inventory held on consignment. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 1105 6 During the year the issuer recorded certain revenue from consignment arrangements whereby revenue was recognized and inventory was relieved when products were shipped to customers by resellers. The firm did not perform any procedures to evaluate the reliability of the information that it obtained from resellers and used to test this revenue and the inventory held on consignment. (AS 1105.04 and .06) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 1105 4 The firm did not sufficiently test a component of the issuer's reserve for excess and obsolete inventory because its procedures were limited to recalculating the reserve using information obtained from the issuer's external warehouse manager without evaluating the reliability of this information. (AS 1105.04 and 06) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Financial statement audit only Audits with multiple deficiencies Inventory 2 AS 1105 6 The firm did not sufficiently test a component of the issuer's reserve for excess and obsolete inventory because its procedures were limited to recalculating the reserve using information obtained from the issuer's external warehouse manager without evaluating the reliability of this information. (AS 1105.04 and 06) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized certain revenue from a contract with a customer based on specific formulas that measured the amount of consideration the issuer would receive for satisfaction of its performance obligation. The firm's substantive procedures to test this revenue included testing a sample of revenue transactions. For the transactions selected for testing the firm did not recalculate the consideration that the issuer used to record revenue to determine whether the consideration was calculated in accordance with the contract. (AS 2301.08 and .13) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized certain revenue from a contract with a customer based on specific formulas that measured the amount of consideration the issuer would receive for satisfaction of its performance obligation. The firm's substantive procedures to test this revenue included testing a sample of revenue transactions. For the transactions selected for testing the firm did not recalculate the consideration that the issuer used to record revenue to determine whether the consideration was calculated in accordance with the contract. (AS 2301.08 and .13) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2301 8 The firm did not perform any procedures to evaluate certain indicators of potential impairment that existed at year end. (AS 2301.08; AS 2810.03) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A E No Financial statement audit only Audits with multiple deficiencies Long-Lived Assets 2 AS 2810 3 The firm did not perform any procedures to evaluate certain indicators of potential impairment that existed at year end. (AS 2301.08; AS 2810.03) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer initiated and processed sales transactions at numerous business units. The firm designated certain business units as subject to more extensive audit procedures and used an other accounting firm to test one of these business units. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of the pricing information the issuer used to record revenue at the business units it tested. (AS 2201.39) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2101 11 The issuer initiated and processed sales transactions at numerous business units. The firm designated certain business units as subject to more extensive audit procedures and used an other accounting firm to test one of these business units. The following deficiencies were identified: · The firm identified a risk of material misstatement that applied to all of these business units and tested a control that addressed this risk at the business units it tested but it did not instruct the other accounting firm to test this control at the business unit that firm tested. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2101 12 The issuer initiated and processed sales transactions at numerous business units. The firm designated certain business units as subject to more extensive audit procedures and used an other accounting firm to test one of these business units. The following deficiencies were identified: · The firm identified a risk of material misstatement that applied to all of these business units and tested a control that addressed this risk at the business units it tested but it did not instruct the other accounting firm to test this control at the business unit that firm tested. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A F No ICFR audit only Audits with multiple deficiencies Revenue 2 AS 2201 B10 The issuer initiated and processed sales transactions at numerous business units. The firm designated certain business units as subject to more extensive audit procedures and used an other accounting firm to test one of these business units. The following deficiencies were identified: · The firm identified a risk of material misstatement that applied to all of these business units and tested a control that addressed this risk at the business units it tested but it did not instruct the other accounting firm to test this control at the business unit that firm tested. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A G No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2501 16 The issuer recognized certain revenue over time based on costs incurred to date relative to total estimated costs to complete the contract. The firm did not perform any procedures beyond inquiring of management to evaluate the reasonableness of the significant assumptions that the issuer used to develop the estimated costs to complete the contracts the firm selected for testing. (AS 2501.16) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A H No ICFR audit only Audits with a single deficiency Investments Fraud Risk 1 AS 2201 42 The firm selected for testing a control that included the issuer's review of the fair values of certain investments. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions the issuer used to determine the fair values of these investments. (AS 2201.42 and .44) Annually Inspected 49 RSM US LLP 2023 United States 2024-06-12T00:00:00 Part I.A H No ICFR audit only Audits with a single deficiency Investments Fraud Risk 1 AS 2201 44 The firm selected for testing a control that included the issuer's review of the fair values of certain investments. The firm did not evaluate the specific review procedures that the control owner performed to assess the reasonableness of certain assumptions the issuer used to determine the fair values of these investments. (AS 2201.42 and .44) Annually Inspected 173 Crowe LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 1 AS 2301 8 During the year the issuer transferred certain securities from its available-for-sale portfolio to its held-to-maturity portfolio. The firm did not perform substantive procedures beyond inquiring of management to evaluate whether the issuer had the intent and ability to hold these securities to maturity. (AS 2301.08) Annually Inspected 173 Crowe LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Financial statement audit only Audits with multiple deficiencies Investment Securities 2 AS 2501 7 During the year the issuer transferred certain securities from its available-for-sale portfolio to its held-to-maturity portfolio. The firm did not perform any substantive procedures to test the fair value of these securities and the related unrealized loss as of the date of this transfer. (AS 2501.07) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 For certain business units the firm identified a fraud risk but did not perform any tests of details to address this fraud risk. (AS 2301.13) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 8 For certain of these business units and another business unit the firm did not perform any substantive procedures to test the completeness of revenue. (AS 2301.08) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory Significant Risk 3 AS 1105 10 The firm used data produced by the issuer in its substantive procedures to test the reserve for excess and obsolete inventory. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain of these data. (AS 1105.10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 42 For one business unit the firm selected for testing a control that included the issuer's reviews of the accuracy and completeness of reports that were used in the operation of the issuer's controls over revenue and inventory. The firm did not test the aspects of this control that addressed the accuracy and/or completeness of certain of these reports. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 44 For one business unit the firm selected for testing a control that included the issuer's reviews of the accuracy and completeness of reports that were used in the operation of the issuer's controls over revenue and inventory. The firm did not test the aspects of this control that addressed the accuracy and/or completeness of certain of these reports. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 42 For one business unit the firm selected for testing a control that included the issuer's reviews of the accuracy and completeness of reports that were used in the operation of the issuer's controls over revenue and inventory. The firm did not test the aspects of this control that addressed the accuracy and/or completeness of certain of these reports. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 2201 44 For one business unit the firm selected for testing a control that included the issuer's reviews of the accuracy and completeness of reports that were used in the operation of the issuer's controls over revenue and inventory. The firm did not test the aspects of this control that addressed the accuracy and/or completeness of certain of these reports. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2101 11 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue and/or inventory for these business units in determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the nature of the recorded balances and/or (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2101 12 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue and/or inventory for these business units in determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the nature of the recorded balances and/or (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 B10 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue and/or inventory for these business units in determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the nature of the recorded balances and/or (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2101 11 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue and/or inventory for these business units in determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the nature of the recorded balances and/or (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2101 12 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue and/or inventory for these business units in determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the nature of the recorded balances and/or (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 B10 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue and/or inventory for these business units in determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the nature of the recorded balances and/or (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 1 AS 2501 22 The issuer recorded certain revenue net of allowances for contractual adjustments. The firm's procedures to test the estimated portion of these contractual adjustments consisted of (1) developing an independent expectation (2) testing the issuer's process and (3) evaluating transactions occurring after the measurement date. The following deficiencies were identified: · When developing its independent expectation the firm did not perform procedures beyond inquiry to demonstrate it had a reasonable basis for a certain assumption it independently derived. (AS 2501.22) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Revenue Significant Risk 2 AS 1105 10 The issuer recorded certain revenue net of allowances for contractual adjustments. The firm's procedures to test the estimated portion of these contractual adjustments consisted of (1) developing an independent expectation (2) testing the issuer's process and (3) evaluating transactions occurring after the measurement date. The following deficiencies were identified: · When testing the issuer's process and evaluating transactions occurring after the measurement date the firm used certain issuer-produced reports but did not perform any procedures to test or test any controls over the accuracy and/or completeness of these reports. (AS 1105.10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 3 AS 2301 8 The firm's substantive procedures to test the unit cost of inventory included selecting a sample of inventory items for testing. For certain items in its sample the firm did not perform procedures to test the cost of the raw materials included in the selected items. (AS 2301.08) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A B No Financial statement audit only Audits with multiple deficiencies Inventory 4 AS 1105 10 The firm used certain data in its substantive testing of the reserve for excess and obsolete inventory but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 1 AS 2501 16 For loans that were collectively evaluated for impairment the issuer estimated the qualitative reserve component of the allowance for loan losses (ALL) using qualitative factors. The firm's approach for substantively testing the ALL was to test the issuer's process. The firm did not evaluate whether the issuer had a reasonable basis for a significant assumption the issuer used to develop certain of these qualitative factors. (AS 2501.16) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A C No Financial statement audit only Audits with multiple deficiencies Allowance for Loan Losses Fraud Risk 2 AS 2301 8 For loans that were collectively evaluated for impairment the issuer estimated the qualitative reserve component of the allowance for loan losses (ALL) using qualitative factors. The firm's approach for substantively testing the ALL was to test the issuer's process. The issuer used information from a service organization to estimate this component of the ALL. The firm did not perform procedures to test the completeness of certain of this information. (AS 2301.08) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's review of new or amended customer contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owner performed to identify and evaluate all relevant terms and conditions. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's review of new or amended customer contracts for appropriate revenue recognition. The firm did not evaluate the specific review procedures that the control owner performed to identify and evaluate all relevant terms and conditions. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. This revenue included an estimate of variable consideration in the transaction price. The firm selected for testing controls that consisted of the issuer's review of revenue recognition for these contracts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the significant assumptions used to estimate the total costs to complete the contracts and the variable consideration included in the transaction prices. (AS 2201.42 and .44) Annually Inspected 659 Moss Adams LLP 2023 United States 2024-06-12T00:00:00 Part I.A E No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 For certain contracts the issuer recognized revenue over time based on costs incurred to date relative to total estimated costs to complete. This revenue included an estimate of variable consideration in the transaction price. The firm selected for testing controls that consisted of the issuer's review of revenue recognition for these contracts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of the significant assumptions used to estimate the total costs to complete the contracts and the variable consideration included in the transaction prices. (AS 2201.42 and .44) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 1 AS 2201 39 The issuer used a service organization to manage the administration and valuation of investments and this service organization used sub-service organizations for certain functions. The service auditor's report did not address the controls over the sub-service organizations. The firm did not obtain an understanding of or test any relevant controls at the sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 1 AS 2201 B19 The issuer used a service organization to manage the administration and valuation of investments and this service organization used sub-service organizations for certain functions. The service auditor's report did not address the controls over the sub-service organizations. The firm did not obtain an understanding of or test any relevant controls at the sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 2 AS 2201 42 The firm selected for testing complementary user controls that consisted of the issuer's review of the valuation and quantity of underlying investments. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 .44 and .B22) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 2 AS 2201 44 The firm selected for testing complementary user controls that consisted of the issuer's review of the valuation and quantity of underlying investments. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 .44 and .B22) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 2 AS 2201 B22 The firm selected for testing complementary user controls that consisted of the issuer's review of the valuation and quantity of underlying investments. The firm did not evaluate the review procedures that the control owner performed including the procedures to identify items for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 .44 and .B22) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 3 AS 2201 39 The firm selected for testing complementary user controls that consisted of the issuer's review of the valuation and quantity of underlying investments. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of these controls. (AS 2201.39) Annually Inspected 925 Cohen & Company, Ltd. 2023 United States 2024-06-12T00:00:00 Part I.A A No ICFR audit only Audits with multiple deficiencies Other Investments Fraud Risk 4 AS 2201 39 The firm did not identify and test any controls over the issuer's review of the (1) service auditor's report and (2) presentation and disclosure of investments in the financial statements. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 1 AS 2501 10 The firm's approach for substantively testing the valuation of acquired loans as of the acquisition date and at year end was to test the issuer's process. The firm did not evaluate whether the methods the issuer used to value these loans were in conformity with GAAP including the requirements of FASB ASC Topic 310 Receivables related to (1) whether the acquired assets included loans with deterioration in credit quality since origination and (2) the measurement of purchased impaired loans. (AS 2501.10) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2501 10 The firm's approach for substantively testing the valuation of acquired loans as of the acquisition date and at year end was to test the issuer's process. The firm did not evaluate whether the methods the issuer used to value these loans were in conformity with GAAP including the requirements of FASB ASC Topic 310 Receivables related to (1) whether the acquired assets included loans with deterioration in credit quality since origination and (2) the measurement of purchased impaired loans. (AS 2501.10) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 2 AS 2201 39 With respect to the allowance for loan losses (ALL) at one of the issuer's subsidiaries: The firm selected for testing a control that consisted of the issuer's review of the ALL. The firm did not identify and test any controls over the completeness of a manually prepared spreadsheet that was used in the operation of this control. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Allowance for Loan Losses 3 AS 1105 10 With respect to the allowance for loan losses (ALL) at one of the issuer's subsidiaries: The firm used this spreadsheet in its substantive testing of the ALL but did not perform any procedures to test or test any controls over the completeness of this spreadsheet. (AS 1105.10) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 1105 4 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm's substantive procedures to test revenue at certain of the issuer's locations consisted of substantive analytical procedures. For these substantive analytical procedures the firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 1105 6 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm's substantive procedures to test revenue at certain of the issuer's locations consisted of substantive analytical procedures. For these substantive analytical procedures the firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2305 16 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. The firm's substantive procedures to test revenue at certain of the issuer's locations consisted of substantive analytical procedures. For these substantive analytical procedures the firm developed its expectations in part using data derived from the recorded amounts of revenue. The firm did not evaluate whether these data were sufficiently relevant and reliable for the purpose of achieving its audit objectives. (AS 1105.04 and .06; AS 2305.16) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2201 42 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. For two of the issuer's reporting units the firm selected for testing controls that consisted of the issuer's reviews of the forecasts used in its goodwill impairment analysis including certain assumptions used in these forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Goodwill 2 AS 2201 44 The firm's internal inspection program had inspected this audit reviewed these areas and also identified the deficiencies below. For two of the issuer's reporting units the firm selected for testing controls that consisted of the issuer's reviews of the forecasts used in its goodwill impairment analysis including certain assumptions used in these forecasts. The firm did not evaluate the specific review procedures that the control owners performed to assess the reasonableness of these assumptions. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2301 8 The firm did not perform any substantive procedures to test certain revenue. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 39 The issuer valued certain inventory using the last-in first-out (LIFO) method. The following deficiencies were identified: · The firm did not identify and test any controls over the LIFO inventory reserve. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2301 8 The issuer valued certain inventory using the last-in first-out (LIFO) method. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the LIFO inventory reserve. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 1 AS 2201 39 The issuer recorded certain investment securities at fair value based on cash-flow models. The following deficiencies were identified: · The firm did not identify and test any controls over these cash-flow models including the data and assumptions the issuer used in these cash-flow models. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 2 AS 2501 7 The issuer recorded certain investment securities at fair value based on cash-flow models. The following deficiencies were identified: · The firm did not perform any substantive procedures to test the fair value of these investment securities as of the issuer's year end. (AS 2501.07) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2301 8 The issuer recorded certain investment securities at fair value based on cash-flow models. The following deficiencies were identified: · The firm did not perform any substantive procedures to test certain required disclosures the issuer made under FASB ASC Topic 820 Fair Value Measurement. (AS 2301.08; AS 2501.07) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 3 AS 2501 7 The issuer recorded certain investment securities at fair value based on cash-flow models. The following deficiencies were identified: · The firm did not perform any substantive procedures to test certain required disclosures the issuer made under FASB ASC Topic 820 Fair Value Measurement. (AS 2301.08; AS 2501.07) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 B21 The issuer used a service organization for recordkeeping and processing of transactions related to certain other investment securities. The firm obtained a service auditor's report but did not assess how the controls that the service auditor tested related to the issuer's controls. Further the firm did not perform any procedures beyond inquiring of management to ascertain whether there were any changes in the service organization's controls from the date of this service auditor's report which was eight months before the issuer's year end. (AS 2201.B21 .B24 and .B25) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 B24 The issuer used a service organization for recordkeeping and processing of transactions related to certain other investment securities. The firm obtained a service auditor's report but did not assess how the controls that the service auditor tested related to the issuer's controls. Further the firm did not perform any procedures beyond inquiring of management to ascertain whether there were any changes in the service organization's controls from the date of this service auditor's report which was eight months before the issuer's year end. (AS 2201.B21 .B24 and .B25) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Investment Securities 4 AS 2201 B25 The issuer used a service organization for recordkeeping and processing of transactions related to certain other investment securities. The firm obtained a service auditor's report but did not assess how the controls that the service auditor tested related to the issuer's controls. Further the firm did not perform any procedures beyond inquiring of management to ascertain whether there were any changes in the service organization's controls from the date of this service auditor's report which was eight months before the issuer's year end. (AS 2201.B21 .B24 and .B25) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Litigation Contingencies Significant Risk 1 AS 2201 42 With respect to a significant litigation matter that was included in the issuer's contingencies disclosure the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of litigation contingencies. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the accounting for and disclosure of this litigation matter including the control owners' procedures to assess the degree of probability of an unfavorable outcome and the amount or range of potential loss. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Litigation Contingencies Significant Risk 1 AS 2201 44 With respect to a significant litigation matter that was included in the issuer's contingencies disclosure the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's reviews of litigation contingencies. The firm did not evaluate the specific review procedures that the control owners performed to assess the appropriateness of the accounting for and disclosure of this litigation matter including the control owners' procedures to assess the degree of probability of an unfavorable outcome and the amount or range of potential loss. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Litigation Contingencies Significant Risk 2 AS 2505 4 With respect to a significant litigation matter that was included in the issuer's contingencies disclosure the following deficiencies were identified: · The firm did not sufficiently evaluate whether the issuer's accounting for and disclosure of this litigation matter was appropriate in light of certain evidence the firm had obtained related to the probability of an unfavorable outcome and the amount or range of potential loss. (AS 2505.04; AS 2810.03) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Litigation Contingencies Significant Risk 2 AS 2810 3 With respect to a significant litigation matter that was included in the issuer's contingencies disclosure the following deficiencies were identified: · The firm did not sufficiently evaluate whether the issuer's accounting for and disclosure of this litigation matter was appropriate in light of certain evidence the firm had obtained related to the probability of an unfavorable outcome and the amount or range of potential loss. (AS 2505.04; AS 2810.03) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 1 AS 2201 39 The issuer recorded a loss reserve for certain insurance claims that were reinsured. The following deficiencies were identified: · The firm did not identify and test any controls that addressed whether these insurance claims were valid and in compliance with the terms of the reinsurance agreement. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Insurance-related Liabilities 2 AS 2301 8 The issuer recorded a loss reserve for certain insurance claims that were reinsured. The following deficiencies were identified: · The firm did not perform any substantive procedures to test whether these insurance claims were valid and in compliance with the terms of the reinsurance agreement. (AS 2301.08) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 42 The issuer used a service organization to perform recordkeeping and pricing for its available-for-sale securities. The firm selected for testing a control that consisted of the issuer's comparison of prices this service organization used to prices that the issuer obtained from an external pricing service. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 44 The issuer used a service organization to perform recordkeeping and pricing for its available-for-sale securities. The firm selected for testing a control that consisted of the issuer's comparison of prices this service organization used to prices that the issuer obtained from an external pricing service. The firm did not evaluate the specific review procedures that the control owners performed to determine whether items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Investment Securities 2 AS 2201 39 The issuer used a service organization to perform recordkeeping and pricing for its available-for-sale securities. The firm selected for testing a control that consisted of the issuer's comparison of prices this service organization used to prices that the issuer obtained from an external pricing service. The firm did not identify and test any controls over the accuracy and completeness of a system-generated report used in the operation of this control. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2201 42 The issuer assigned a risk rating to each of its commercial loans. The loan risk rating was an important input in estimating the ACL for commercial loans collectively assessed for impairment. The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to certain commercial loans. The firm did not evaluate (1) the criteria the control owners used to select loans for review and (2) whether the sample of loans that were reviewed was sufficient to address the risks of material misstatement presented by the different risk characteristics inherent in the population of these loans. (AS 2201.42) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 3 AS 2201 44 The issuer assigned a risk rating to each of its commercial loans. The loan risk rating was an important input in estimating the ACL for commercial loans collectively assessed for impairment. The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to certain commercial loans. The firm did not evaluate (1) the criteria the control owners used to select loans for review and (2) whether the sample of loans that were reviewed was sufficient to address the risks of material misstatement presented by the different risk characteristics inherent in the population of these loans. (AS 2201.42) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Allowance for Credit Losses 4 AS 2201 39 The issuer assigned a risk rating to each of its commercial loans. The loan risk rating was an important input in estimating the ACL for commercial loans collectively assessed for impairment. The firm selected for testing a control that consisted of the issuer's review for a sample of loans of the loan risk ratings assigned to certain commercial loans. The firm did not identify and test any controls over the accuracy and completeness of certain loan information that the control owners used to select loans for review. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A G No ICFR audit only Audits with multiple deficiencies Journal Entries 5 AS 2201 39 The firm did not identify and test any controls that addressed the risk that certain types of journal entries could be posted to the issuer's general ledger system without review or approval. (AS 2201.39) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 13 The firm's substantive procedures to test certain revenue included performing substantive analytical procedures. The firm did not determine whether the expectations used in these substantive analytical procedures were based on predictable relationships. Further the expectations the firm used were not sufficiently precise to identify differences that could be potential material misstatements individually or in the aggregate because the data used to develop the expectations did not address important factors that the issuer disclosed as having an effect on sales. (AS 2305.13 .14 and .17) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 14 The firm's substantive procedures to test certain revenue included performing substantive analytical procedures. The firm did not determine whether the expectations used in these substantive analytical procedures were based on predictable relationships. Further the expectations the firm used were not sufficiently precise to identify differences that could be potential material misstatements individually or in the aggregate because the data used to develop the expectations did not address important factors that the issuer disclosed as having an effect on sales. (AS 2305.13 .14 and .17) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A H No Financial statement audit only Audits with a single deficiency Revenue 1 AS 2305 17 The firm's substantive procedures to test certain revenue included performing substantive analytical procedures. The firm did not determine whether the expectations used in these substantive analytical procedures were based on predictable relationships. Further the expectations the firm used were not sufficiently precise to identify differences that could be potential material misstatements individually or in the aggregate because the data used to develop the expectations did not address important factors that the issuer disclosed as having an effect on sales. (AS 2305.13 .14 and .17) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2315 16 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2315 23 The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with a single deficiency Revenue Fraud Risk 1 AS 2315 23A The firm's substantive procedures to test certain revenue included selecting a sample of transactions for testing. The firm's sample was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Revenue 1 AS 1105 10 The issuer recognized certain revenue based on product volumes delivered to customers. The firm used volume data in its substantive testing of this revenue but did not perform any procedures to test or test any controls over the accuracy and completeness of these data. (AS 1105.10) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A K Yes Financial statement audit only Audits with a single deficiency Insurance-related Liabilities Significant Risk 1 AS 1105 10 The issuer used a significant assumption to estimate certain of its insurance-related liabilities. The firm did not perform any procedures to test or test any controls over the accuracy and completeness of certain issuer-produced data that was used to develop this significant assumption. (AS 1105.10) Annually Inspected 34 Deloitte & Touche LLP 2023 United States Deloitte Touche Tohmatsu Limited 2024-05-23T00:00:00 Part I.A L No ICFR audit only Audits with a single deficiency Inventory 1 AS 2201 44 The issuer performed cycle counts of certain inventory. The firm selected for testing controls that included the issuer's reviews of the cycle count results. When testing the operating effectiveness of these controls the firm did not evaluate the specific review procedures that the control owners performed to investigate and resolve differences between the cycle counts and the quantities recorded in the issuer's inventory system. (AS 2201.44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets 1 AS 2201 39 The firm selected for testing a control that included the issuer's review of its disclosures related to revenue intangible assets and segment reporting. The firm did not identify and test any controls over the accuracy and completeness of the data and reports that the control owner used in the operation of this control for these disclosures. (AS 2201.39) In connection with our review the issuer reevaluated its controls over its disclosures and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2201 39 The firm selected for testing a control that included the issuer's review of its disclosures related to revenue intangible assets and segment reporting. The firm did not identify and test any controls over the accuracy and completeness of the data and reports that the control owner used in the operation of this control for these disclosures. (AS 2201.39) In connection with our review the issuer reevaluated its controls over its disclosures and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Segment Reporting 1 AS 2201 39 The firm selected for testing a control that included the issuer's review of its disclosures related to revenue intangible assets and segment reporting. The firm did not identify and test any controls over the accuracy and completeness of the data and reports that the control owner used in the operation of this control for these disclosures. (AS 2201.39) In connection with our review the issuer reevaluated its controls over its disclosures and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Intangible Assets 2 AS 1105 10 The firm used certain of these data and reports in its substantive testing of these disclosures but did not perform any procedures to test or test any controls over the accuracy and completeness of these data and reports. (AS 1105.10) In connection with our review the issuer reevaluated its controls over its disclosures and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 1105 10 The firm used certain of these data and reports in its substantive testing of these disclosures but did not perform any procedures to test or test any controls over the accuracy and completeness of these data and reports. (AS 1105.10) In connection with our review the issuer reevaluated its controls over its disclosures and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Segment Reporting 2 AS 1105 10 The firm used certain of these data and reports in its substantive testing of these disclosures but did not perform any procedures to test or test any controls over the accuracy and completeness of these data and reports. (AS 1105.10) In connection with our review the issuer reevaluated its controls over its disclosures and concluded that a material weakness existed that had not been previously identified. The issuer subsequently revised its report on ICFR to reflect this material weakness and the firm modified its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 1 AS 2201 42 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes. The company's specialists used financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists to estimate the oil and gas reserves underlying the future production volumes. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the future production volume assumptions. In evaluating the design of this control the firm did not identify that the control owner did not evaluate the methods assess the accuracy and completeness of the non-financial data and evaluate the reasonableness of the non-financial assumptions used by the company's specialists. (AS 2201.42) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 2 AS 1105 A8a The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes. The company's specialists used financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists to estimate the oil and gas reserves underlying the future production volumes. The following deficiencies were identified: · The firm did not perform procedures to test or sufficiently test controls over the accuracy and completeness of the non-financial data used by the company's specialists. (AS 1105.A8a) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 3 AS 1105 A8b The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes. The company's specialists used financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists to estimate the oil and gas reserves underlying the future production volumes. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the significant future production volume assumptions beyond comparing these assumptions to historical production volume information from the acquired business. (AS 1105.A8b) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 1105 A8b The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes. The company's specialists used financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists to estimate the oil and gas reserves underlying the future production volumes. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the significant non-financial assumptions that were developed by the company's specialists or the issuer and used by the company's specialists to develop the future production volumes. (AS 1105.A8b; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 4 AS 2501 16 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes. The company's specialists used financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists to estimate the oil and gas reserves underlying the future production volumes. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the significant non-financial assumptions that were developed by the company's specialists or the issuer and used by the company's specialists to develop the future production volumes. (AS 1105.A8b; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combination Significant Risk 5 AS 1105 A8c The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer determined the fair value of the acquired oil and gas properties based on discounted cash flows it developed using various assumptions including future production volumes. The company's specialists used financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists to estimate the oil and gas reserves underlying the future production volumes. The following deficiencies were identified: · The firm did not perform any procedures beyond inquiry to evaluate whether the methods used by the company's specialists were appropriate under the circumstances. (AS 1105.A8c) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 6 AS 1105 A8a The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer recorded depletion expense for the acquired oil and gas properties using the oil and gas reserves that the company's specialists estimated using financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm did not perform procedures to test or test any controls over the accuracy and completeness of the financial and non-financial data used by the company's specialists. (AS 1105.A8a) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 7 AS 1105 A8b The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer recorded depletion expense for the acquired oil and gas properties using the oil and gas reserves that the company's specialists estimated using financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the significant financial and non-financial assumptions that were developed by the company's specialists or the issuer and used by the company's specialists to develop the future production volumes. (AS 1105.A8b; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 7 AS 2501 16 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer recorded depletion expense for the acquired oil and gas properties using the oil and gas reserves that the company's specialists estimated using financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm did not evaluate the reasonableness of the significant financial and non-financial assumptions that were developed by the company's specialists or the issuer and used by the company's specialists to develop the future production volumes. (AS 1105.A8b; AS 2501.16) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with multiple deficiencies Oil and Gas Properties 8 AS 1105 A8c The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer acquired a business. The acquired assets primarily consisted of oil and gas properties that had oil and gas reserves assigned. The issuer used company-employed specialists to estimate the issuer's oil and gas reserves that were used in the (1) valuation of the acquired oil and gas properties and (2) calculation of depletion expense for these acquired oil and gas properties. The issuer recorded depletion expense for the acquired oil and gas properties using the oil and gas reserves that the company's specialists estimated using financial and non-financial data produced by the issuer and assumptions developed by the issuer or the company's specialists. The following deficiencies were identified: · The firm did not evaluate whether the methods used by the company's specialists were appropriate under the circumstances. (AS 1105.A8c) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not identify and test any controls over the issuer's determination of the standalone selling prices. (AS 2201.39) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the reasonableness of the standalone selling prices that the issuer used to record revenue. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 8 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate certain contractual terms and conditions that could affect the issuer's determination of the duration of certain contracts and the related revenue recognition. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of certain contracts under these types of arrangements for appropriate revenue recognition. The firm did not identify that the control was not designed to address whether the issuer considered all reasonably available information when estimating the standalone selling prices. (AS 2201.42) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2501 10 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not evaluate whether the methods that the issuer used to estimate the standalone selling prices maximized the use of observable inputs in conformity with FASB ASC Topic 606 Revenue from Contracts with Customers. (AS 2501.10) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2501 10 Certain of the issuer's revenue arrangements included multiple performance obligations. The issuer allocated the total transaction price for each of these arrangements to the separate performance obligations based on the issuer's estimate of the relative standalone selling prices. The following deficiencies were identified: · The firm did not evaluate whether the methods that the issuer used to determine the effect of changes in the transaction price after contract inception were in conformity with FASB ASC Topic 606 beyond observing that certain changes were approved. (AS 2501.10) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 46 The issuer used an information-technology (IT) system to initiate process and record transactions related to inventory at one business unit. In its testing of controls over this inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. As a result of deficiencies in the firm's testing of IT general controls (ITGCs) the firm's testing of these automated and IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The issuer used an information-technology (IT) system to initiate process and record transactions related to inventory at one business unit. In its testing of controls over this inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. · With respect to change management the firm selected for testing a control over the issuer's review of changes to the production environment for this IT system. The firm did not test the aspects of this control that addressed whether unauthorized changes could be made directly to the production environment. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record transactions related to inventory at one business unit. In its testing of controls over this inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. · With respect to change management the firm selected for testing a control over the issuer's review of changes to the production environment for this IT system. The firm did not test the aspects of this control that addressed whether unauthorized changes could be made directly to the production environment. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The issuer used an information-technology (IT) system to initiate process and record transactions related to inventory at one business unit. In its testing of controls over this inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. · With respect to user access the firm selected for testing a control that consisted of the issuer's periodic review of user access to this IT system. The firm did not evaluate the specific review procedures that the control owners performed to determine whether previously granted privileged access continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 44 The issuer used an information-technology (IT) system to initiate process and record transactions related to inventory at one business unit. In its testing of controls over this inventory the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. · With respect to user access the firm selected for testing a control that consisted of the issuer's periodic review of user access to this IT system. The firm did not evaluate the specific review procedures that the control owners performed to determine whether previously granted privileged access continued to be appropriate. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 48 The issuer performed cycle counts of this inventory and used its IT system to determine the frequency with which the items should be counted by assigning a count designation to each inventory item. The following additional deficiencies were identified: · The firm selected for testing a control over the issuer's review of whether a count designation was assigned to each inventory item. The firm identified a deviation in the operation of this control but did not evaluate the effect of this deviation on the operating effectiveness of the control. (AS 2201.48) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 42 The issuer performed cycle counts of this inventory and used its IT system to determine the frequency with which the items should be counted by assigning a count designation to each inventory item. The following additional deficiencies were identified: · The firm selected for testing an automated control over the assignment of the count designations but did not test whether the issuer's IT system was properly configured to assign the appropriate count designation to each inventory item. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 44 The issuer performed cycle counts of this inventory and used its IT system to determine the frequency with which the items should be counted by assigning a count designation to each inventory item. The following additional deficiencies were identified: · The firm selected for testing an automated control over the assignment of the count designations but did not test whether the issuer's IT system was properly configured to assign the appropriate count designation to each inventory item. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 42 The issuer performed cycle counts of this inventory and used its IT system to determine the frequency with which the items should be counted by assigning a count designation to each inventory item. The following additional deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the overall cycle-count results. The firm did not test the aspect of this control that addressed whether inventory counts were performed in accordance with the designated count frequency. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 44 The issuer performed cycle counts of this inventory and used its IT system to determine the frequency with which the items should be counted by assigning a count designation to each inventory item. The following additional deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the overall cycle-count results. The firm did not test the aspect of this control that addressed whether inventory counts were performed in accordance with the designated count frequency. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2510 11 The issuer performed cycle counts of this inventory and used its IT system to determine the frequency with which the items should be counted by assigning a count designation to each inventory item. The following additional deficiencies were identified: · Due to the deficiencies discussed above the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Leases 1 AS 2301 8 The issuer disclosed that it had certain leases that had been executed by year end but had not yet commenced. The firm did not perform any procedures to evaluate whether any of these leases should have been recorded as right-of-use assets and lease liabilities at year end. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Leases 2 AS 2301 8 To evaluate the issuer's classification of leases as operating or financing the firm tested a sample of current-year lease additions but did not perform any procedures to test the fair values of the underlying assets that the issuer used in determining the leases' classification. (AS 2301.08) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A F No Financial statement audit only Audits with multiple deficiencies Leases 3 AS 1105 10 The firm used issuer-prepared schedules in its substantive testing of certain of the issuer's lease disclosures but did not perform any procedures to test or test any controls over the accuracy and completeness of these schedules. (AS 1105.10) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A G Yes ICFR audit only Audits with multiple deficiencies Derivatives 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's validation of the models that the issuer used in the valuation of certain of its investment securities and derivatives. The firm did not evaluate the specific review procedures that the control owners performed to assess the results of the testing of these models. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A G Yes ICFR audit only Audits with multiple deficiencies Derivatives 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's validation of the models that the issuer used in the valuation of certain of its investment securities and derivatives. The firm did not evaluate the specific review procedures that the control owners performed to assess the results of the testing of these models. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A G Yes ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's validation of the models that the issuer used in the valuation of certain of its investment securities and derivatives. The firm did not evaluate the specific review procedures that the control owners performed to assess the results of the testing of these models. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A G Yes ICFR audit only Audits with multiple deficiencies Investment Securities 1 AS 2201 44 The firm selected for testing a control that consisted of the issuer's validation of the models that the issuer used in the valuation of certain of its investment securities and derivatives. The firm did not evaluate the specific review procedures that the control owners performed to assess the results of the testing of these models. (AS 2201.42 and .44) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A H No ICFR audit only Audits with a single deficiency Intangible Assets 1 AS 2201 42 The firm selected for testing a control that consisted of the issuer's quarterly assessment of qualitative and quantitative factors to determine whether indicators of potential impairment of certain intangible assets existed. The firm did not identify that this control was not designed to identify and evaluate certain quantitative indicators of potential impairment. (AS 2201.42) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A I No ICFR audit only Audits with a single deficiency Asset Retirement Obligations 1 AS 2201 48 The issuer used an IT system to develop certain cost estimates related to its asset retirement obligations (ARO). The firm selected for testing an automated control over changes to the configuration of this IT system. The firm identified a deviation in the operation of this control but did not evaluate the effect of this deviation on the operating effectiveness of the control. (AS 2201.48) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Goodwill 1 AS 2301 8 The issuer performed its annual analysis of goodwill for potential impairment as of an interim date. The firm did not evaluate an indicator of potential impairment that existed at year end. (AS 2301.08; AS 2810.03) Annually Inspected 238 PricewaterhouseCoopers LLP 2023 United States PricewaterhouseCoopers International Limited 2024-05-23T00:00:00 Part I.A J No Financial statement audit only Audits with a single deficiency Goodwill 1 AS 2810 3 The issuer performed its annual analysis of goodwill for potential impairment as of an interim date. The firm did not evaluate an indicator of potential impairment that existed at year end. (AS 2301.08; AS 2810.03) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 1 AS 2301 8 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The issuer recorded revenue at the time its services were provided to its customers. The firm did not perform any substantive procedures to test whether the performance obligation had been fully satisfied before revenue was recognized. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Revenue 2 AS 1105 10 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. The firm used information produced by the issuer in its testing of transaction prices but did not perform any procedures to test or test any controls over the accuracy and/or completeness of certain of this information. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A A No Financial statement audit only Audits with an incorrect opinion on the financial statements and/or ICFR Warrants 3 AS 2810 30 The firm's internal inspection program had inspected this audit and reviewed these areas but did not identify the deficiencies below. During the year the issuer issued warrants that were recorded as liabilities. The firm did not identify and evaluate misstatements in the fair value measurement of these warrants. (AS 2810.30) In connection with our review the issuer reevaluated its accounting for these warrants and concluded that misstatements existed that had not been previously identified. The issuer subsequently corrected these misstatements in a restatement of its financial statements and the firm revised and reissued its report on the financial statements. Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 1 AS 2201 42 The issuer held loans receivable that were measured at fair value. The issuer determined the fair values of these loans based on discounted cash flows it developed using various significant assumptions including the issuer's approach to grouping loans in order to estimate fair value. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) comparison of actual cash flows to forecasted cash flows (2) reviews of the reasonableness of discount rates and (3) review of its disclosures related to loans receivable. The firm did not evaluate the specific review procedures that the control owners performed to identify items for follow up investigate identified variances and/or determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over loans receivable and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 1 AS 2201 44 The issuer held loans receivable that were measured at fair value. The issuer determined the fair values of these loans based on discounted cash flows it developed using various significant assumptions including the issuer's approach to grouping loans in order to estimate fair value. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) comparison of actual cash flows to forecasted cash flows (2) reviews of the reasonableness of discount rates and (3) review of its disclosures related to loans receivable. The firm did not evaluate the specific review procedures that the control owners performed to identify items for follow up investigate identified variances and/or determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) In connection with our review the issuer reevaluated its controls over loans receivable and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 2 AS 2201 39 The issuer held loans receivable that were measured at fair value. The issuer determined the fair values of these loans based on discounted cash flows it developed using various significant assumptions including the issuer's approach to grouping loans in order to estimate fair value. The following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's (1) comparison of actual cash flows to forecasted cash flows (2) reviews of the reasonableness of discount rates and (3) review of its disclosures related to loans receivable. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of two of these controls. (AS 2201.39) In connection with our review the issuer reevaluated its controls over loans receivable and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 3 AS 2201 39 The issuer held loans receivable that were measured at fair value. The issuer determined the fair values of these loans based on discounted cash flows it developed using various significant assumptions including the issuer's approach to grouping loans in order to estimate fair value. The following deficiencies were identified: · The firm did not identify and test any controls that addressed the (1) reasonableness of the issuer's grouping of loans and (2) mathematical logic of the discounted cash flow models used by the issuer to determine the fair values of these loans. (AS 2201.39) In connection with our review the issuer reevaluated its controls over loans receivable and concluded that a material weakness existed that had not been previously identified. The issuer subsequently reflected this material weakness in a revision to its report on ICFR and the firm revised its opinion on the effectiveness of the issuer's ICFR to express an adverse opinion and reissued its report. Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 4 AS 2501 16 The firm's approach for substantively testing the fair values of these loans was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions related to the expected timing of cash flows and the grouping of loans. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 5 AS 1201 C6 The firm's approach for substantively testing the fair values of these loans was to test the issuer's process. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the discount rates the issuer selected from a range of potential discount rates it developed. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the issuer had a reasonable basis for (1) the discount rates used and (2) the issuer's selection of the discount rates from the range of potential discount rates. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 5 AS 1201 C7 The firm's approach for substantively testing the fair values of these loans was to test the issuer's process. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the discount rates the issuer selected from a range of potential discount rates it developed. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the issuer had a reasonable basis for (1) the discount rates used and (2) the issuer's selection of the discount rates from the range of potential discount rates. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 5 AS 2501 16 The firm's approach for substantively testing the fair values of these loans was to test the issuer's process. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the discount rates the issuer selected from a range of potential discount rates it developed. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the issuer had a reasonable basis for (1) the discount rates used and (2) the issuer's selection of the discount rates from the range of potential discount rates. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 6 AS 2501 10 The firm's approach for substantively testing the fair values of these loans was to test the issuer's process. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of the significant assumptions related to the expected timing of cash flows and the grouping of loans. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A B No Both financial statement and ICFR audits Audits with an incorrect opinion on the financial statements and/or ICFR Loans Receivable Fraud Risk 7 AS 1105 10 The firm used an issuer-prepared schedule in its substantive testing of certain loans-receivable disclosures but did not perform any procedures to test or test controls over the accuracy and completeness of this schedule. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 46 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm selected for testing a control that consisted of the issuer's review of customer pricing changes subsequent to the execution renewal or amendment of a customer contract with preferential pricing. The number of changes selected for testing did not provide sufficient appropriate audit evidence given the frequency with which the control operated. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 46 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm selected for testing a control that consisted of the issuer's review of customer pricing changes subsequent to the execution renewal or amendment of a customer contract with preferential pricing. The number of changes selected for testing did not provide sufficient appropriate audit evidence given the frequency with which the control operated. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 10 AS 2101 11 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the decentralized nature of records and information processing at these business units and (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 10 AS 2101 12 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the decentralized nature of records and information processing at these business units and (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 10 AS 2201 B10 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the decentralized nature of records and information processing at these business units and (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2101 11 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the decentralized nature of records and information processing at these business units and (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2101 12 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the decentralized nature of records and information processing at these business units and (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 10 AS 2201 B10 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · In determining the extent to which audit procedures should be performed the firm did not evaluate (1) the materiality of these business units (2) the decentralized nature of records and information processing at these business units and (3) whether the risks of material misstatement that the firm identified for the business units subject to more extensive audit procedures also applied to these business units. (AS 2101.11 and .12; AS 2201.B10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 11 AS 2201 42 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing a control that included the issuer's comparisons and reviews of the consolidated (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not evaluate the specific review procedures that the control owner performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 11 AS 2201 44 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing a control that included the issuer's comparisons and reviews of the consolidated (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not evaluate the specific review procedures that the control owner performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 11 AS 2201 42 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing a control that included the issuer's comparisons and reviews of the consolidated (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not evaluate the specific review procedures that the control owner performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 11 AS 2201 44 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing a control that included the issuer's comparisons and reviews of the consolidated (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not evaluate the specific review procedures that the control owner performed to investigate identified variances and determine whether items identified for follow up had been appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 12 AS 2201 39 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing a control that included the issuer's comparisons and reviews of the consolidated (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not identify and test any controls over the review of the budget used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 12 AS 2201 39 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To address the risks of material misstatement related to revenue for these business units the firm selected for testing a control that included the issuer's comparisons and reviews of the consolidated (1) budget to actual results and (2) prior-period actual results to current-period actual results. The firm did not identify and test any controls over the review of the budget used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 13 AS 2301 8 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To firm did not perform any substantive procedures to test revenue for these business units. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 13 AS 2301 8 The firm subjected certain other of the issuer's business units to less extensive audit procedures. With respect to revenue from these business units the following deficiencies were identified: · To firm did not perform any substantive procedures to test revenue for these business units. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 14 AS 2310 8 The firm sent positive confirmation requests to the issuer's lenders. The following deficiencies were identified related to the confirmation requests for one of the lenders: · The firm did not maintain control over a confirmation request through direct communication between the firm and the intended recipient of the request. (AS 2310.28) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 15 AS 2310 29 The firm sent positive confirmation requests to the issuer's lenders. The following deficiencies were identified related to the confirmation requests for one of the lenders: · The confirmation response was returned by email. The firm performed procedures to verify the source of the response but did not evaluate certain inconsistencies it identified through the performance of these procedures. (AS 2310.29) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 16 AS 2201 39 The firm did not identify and test any controls that addressed the issuer's compliance with certain non-financial contractual debt covenants. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 17 AS 2301 8 The firm did not perform any substantive procedures to test the issuer's compliance with these covenants. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 18 AS 1105 10 The firm used certain issuer-prepared schedules in its substantive testing of certain debt disclosures. The firm did not perform any procedures to test or test controls over the accuracy of these schedules. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 19 AS 2301 8 The firm used certain issuer-prepared schedules in its substantive testing of certain debt disclosures. The firm did not identify and evaluate certain differences between the issuer's debt disclosures and these schedules. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 42 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm selected for testing controls that included the issuer's review of customers' status. The firm did not test the aspects of these controls that addressed the issuer's review of changes to existing customers' status. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 44 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm selected for testing controls that included the issuer's review of customers' status. The firm did not test the aspects of these controls that addressed the issuer's review of changes to existing customers' status. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 42 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm selected for testing controls that included the issuer's review of customers' status. The firm did not test the aspects of these controls that addressed the issuer's review of changes to existing customers' status. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 2201 44 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm selected for testing controls that included the issuer's review of customers' status. The firm did not test the aspects of these controls that addressed the issuer's review of changes to existing customers' status. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Debt 20 AS 2501 7 The firm did not perform any procedures to test the issuer's fair value disclosures for certain debt. (AS 2501.07) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 21 AS 2201 44 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the fair values of assets acquired in these business combinations including the assumptions the issuer used. In its testing of the operating effectiveness of this control the firm did not evaluate whether an item identified for follow up was appropriately resolved. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 22 AS 2201 39 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the fair values of assets acquired in these business combinations including the assumptions the issuer used. In its testing of the operating effectiveness of this control the firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 23 AS 2501 16 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · From one of these business combinations the firm did not sufficiently evaluate whether an assumption was consistent with historical and recent experience because it did not evaluate the significant differences between the assumption and this experience. Further when evaluating the issuer's ability to carry out its planned course of action the firm performed a sensitivity analysis for this assumption but did not evaluate the significant differences between the alternative assumptions it used in this analysis and the issuer's historical and recent experience. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 23 AS 2501 17 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · From one of these business combinations the firm did not sufficiently evaluate whether an assumption was consistent with historical and recent experience because it did not evaluate the significant differences between the assumption and this experience. Further when evaluating the issuer's ability to carry out its planned course of action the firm performed a sensitivity analysis for this assumption but did not evaluate the significant differences between the alternative assumptions it used in this analysis and the issuer's historical and recent experience. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 24 AS 2810 30 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 24 AS 2810 31 During the year the issuer acquired multiple businesses. The following deficiencies were identified: · The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 805 Business Combinations. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 25 AS 2201 39 The firm did not identify and test any controls that addressed whether the issuer used appropriate useful lives in the calculation of amortization expense for finite-lived intangible assets. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 26 AS 2810 30 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Intangible Assets 26 AS 2810 31 The firm did not identify and evaluate a misstatement in a required disclosure under FASB ASC Topic 350 Intangibles – Goodwill and Other. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 27 AS 2201 39 The firm did not identify and test any controls over the accuracy of certain schedules the issuer used to determine its financial statement disclosures. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 28 AS 2201 44 The firm selected for testing a control that was designed to address the firm's identified fraud risk related to inappropriate changes being made to certain business unit sub-ledgers prior to consolidation. In its testing of the operating effectiveness of this control the firm did not evaluate the specific review procedures that the control owner performed to investigate identified differences. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 29 AS 2201 39 The firm selected for testing a control that was designed to address the firm's identified fraud risk related to inappropriate changes being made to certain business unit sub-ledgers prior to consolidation. In its testing of the operating effectiveness of this control the firm did not identify and test any controls over the accuracy and completeness of certain business unit sub-ledgers used in the operation of the control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 2201 39 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm did not identify and test any controls over the accuracy of product cost information the issuer used to determine the sales prices in accordance with certain customer contracts. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2201 39 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm did not identify and test any controls over the accuracy of product cost information the issuer used to determine the sales prices in accordance with certain customer contracts. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 30 AS 2301 13 The firm's substantive procedures to address the risk related to inappropriate changes consisted of an independent comparison of certain business unit sub-ledgers to the general ledger. The following deficiencies were identified: · The firm (1) limited its comparison to certain accounts and (2) identified differences in its testing of these accounts but did not perform procedures to evaluate these differences other than concluding that the differences were not material in the aggregate. (AS 2301.13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 31 AS 1105 10 The firm's substantive procedures to address the risk related to inappropriate changes consisted of an independent comparison of certain business unit sub-ledgers to the general ledger. The following deficiencies were identified: · The firm did not perform procedures to test or test controls over the accuracy and completeness of the business unit sub-ledgers it used in its testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 32 AS 2201 39 The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. For the business units the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not identify and test any controls that addressed this risk. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Financial Reporting and Close Fraud Risk 33 AS 2401 58 The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. For the business units the firm subjected to less extensive audit procedures the following deficiencies were identified: · The firm did not perform any substantive procedures to test journal entries to address this risk. (AS 2401.58) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 1105 10 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm did not perform procedures to test or test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing of this revenue. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 4 AS 1105 10 The issuer offered preferred pricing based on a customer's status. The following deficiencies were identified with respect to revenue from certain of these customers: · The firm did not perform procedures to test or test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used in its substantive testing of this revenue. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 5 AS 2201 39 For two business units the firm did not identify and test any controls over the accuracy and completeness of certain information used to record revenue. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 5 AS 2201 39 For two business units the firm did not identify and test any controls over the accuracy and completeness of certain information used to record revenue. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 42 For these same business units the firm selected for testing certain controls that prevented the processing of orders for customers on credit hold. The firm did not test beyond inquiry the aspect of these controls that addressed which users had the ability to release customers from credit hold. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 6 AS 2201 44 For these same business units the firm selected for testing certain controls that prevented the processing of orders for customers on credit hold. The firm did not test beyond inquiry the aspect of these controls that addressed which users had the ability to release customers from credit hold. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 42 For these same business units the firm selected for testing certain controls that prevented the processing of orders for customers on credit hold. The firm did not test beyond inquiry the aspect of these controls that addressed which users had the ability to release customers from credit hold. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 6 AS 2201 44 For these same business units the firm selected for testing certain controls that prevented the processing of orders for customers on credit hold. The firm did not test beyond inquiry the aspect of these controls that addressed which users had the ability to release customers from credit hold. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 7 AS 2201 39 For one of these business units the firm selected for testing a control over the issuer's review of certain customer's accounts receivable balances. The firm did not identify and test any controls over the accuracy and completeness of a report used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 7 AS 2201 39 For one of these business units the firm selected for testing a control over the issuer's review of certain customer's accounts receivable balances. The firm did not identify and test any controls over the accuracy and completeness of a report used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 8 AS 2201 39 For two other business units the firm did not identify and test any controls that addressed the risk of material misstatement related to the acceptance of invalid or unauthorized customer orders. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 8 AS 2201 39 For two other business units the firm did not identify and test any controls that addressed the risk of material misstatement related to the acceptance of invalid or unauthorized customer orders. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 9 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A C No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 9 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 1 AS 2201 42 The issuer recorded revenue net of customer sales incentives and returns. The following deficiencies were identified with respect to one business unit: · The firm selected for testing a control that consisted of the issuer's review of the sales incentive reserve. The firm did not evaluate the specific review procedures that the control owner performed to assess the (1) reasonableness of the sales incentive reserve and (2) accuracy and completeness of certain information used to determine the sales incentive reserve. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 1 AS 2201 44 The issuer recorded revenue net of customer sales incentives and returns. The following deficiencies were identified with respect to one business unit: · The firm selected for testing a control that consisted of the issuer's review of the sales incentive reserve. The firm did not evaluate the specific review procedures that the control owner performed to assess the (1) reasonableness of the sales incentive reserve and (2) accuracy and completeness of certain information used to determine the sales incentive reserve. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 2 AS 2201 39 The issuer recorded revenue net of customer sales incentives and returns. The following deficiencies were identified with respect to one business unit: · The firm selected for testing a control that consisted of the issuer's review of sales returns. The firm did not identify and test any controls over the accuracy and completeness of return information used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 3 AS 1105 10 The issuer recorded revenue net of customer sales incentives and returns. The following deficiencies were identified with respect to one business unit: · The firm did not perform any procedures to test or test controls over the accuracy and completeness of a report produced by the issuer that it used in its substantive testing of the sales incentive reserve. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 4 AS 2501 22 The issuer recorded revenue net of customer sales incentives and returns. The following deficiencies were identified with respect to one business unit: · The firm's approach to substantively test the issuer's sales return reserve was to develop an independent expectation of the estimate. The firm did not perform procedures to demonstrate it had a reasonable basis for the method used to develop its independent expectation. (AS 2501.22) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 5 AS 2201 39 The firm selected for testing a control over the issuer's review of the accuracy of pricing information used to record revenue at this business unit. The firm did not identify and test any controls over the accuracy of certain information used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts at this business unit were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts at this business unit were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts at this business unit were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts at this business unit were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts at this business unit were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 6 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue and related accounts at this business unit were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue and Related Accounts Significant Risk 7 AS 2501 28 For a second business unit the firm's approach to substantively test the issuer's sales incentive and sales return reserves was to examine transactions that occurred after year end. The firm did not evaluate whether the audit evidence obtained was sufficient including whether the evidence supported or contradicted these estimates. (AS 2501.28) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2201 39 The firm selected for testing a control over the issuer's review of the reserve for excess and obsolete inventory at one business unit. The firm did not identify and test any controls over the accuracy and completeness of certain information used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A D No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 9 AS 2401 58 The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. The firm subjected certain of the issuer's business units to less extensive audit procedures. The firm did not perform any substantive procedures to test journal entries to address this risk at these business units. (AS 2401.58) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 1 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed the Information Technology General Controls (ITGCs) area but did not identify the deficiency below. For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 1 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed the Information Technology General Controls (ITGCs) area but did not identify the deficiency below. For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed the Information Technology General Controls (ITGCs) area but did not identify the deficiency below. For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 The firm's internal inspection program had inspected this audit and reviewed the Information Technology General Controls (ITGCs) area but did not identify the deficiency below. For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 10 AS 2401 58 The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to these business units the following deficiencies were identified: · The firm did not perform any substantive procedures to test journal entries to address this risk. (AS 2401.58) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 2 AS 2201 46 For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. As a result of this deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 2 AS 2201 46 For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. As a result of this deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 46 For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. As a result of this deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 46 For one business unit the issuer used an information-technology (IT) system to initiate process and record transactions related to revenue accounts receivable inventory and accounts payable. In its testing of controls over these accounts the firm tested various automated and IT-dependent manual controls that used data and reports generated or maintained by this IT system. The firm did not identify and test any controls that addressed the risk that certain unauthorized changes were made to this system. As a result of this deficiency in the firm's testing of ITGCs the firm's testing of these automated and IT-dependent manual controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 3 AS 1105 10 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · For certain revenue accounts receivable and inventory the firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used (1) to make its selections to test certain controls and (2) in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 3 AS 1105 10 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · For certain revenue accounts receivable and inventory the firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used (1) to make its selections to test certain controls and (2) in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 1105 10 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · For certain revenue accounts receivable and inventory the firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used (1) to make its selections to test certain controls and (2) in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · For certain revenue accounts receivable and inventory the firm did not perform sufficient procedures to test or sufficiently test controls over the accuracy and/or completeness of certain system-generated data or reports the firm used (1) to make its selections to test certain controls and (2) in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 4 AS 2301 16 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 4 AS 2301 18 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 4 AS 2301 37 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 4 AS 2315 19 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 4 AS 2315 23 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 4 AS 2315 23A As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 16 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 18 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2301 37 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 19 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Receivable 4 AS 2315 23A As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 16 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 18 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2301 37 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 19 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2315 23A As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 16 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 18 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2301 37 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 19 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23 As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2315 23A As a result of the firm's ITGC testing deficiency the firm did not perform sufficient other audit procedures as follows: · The sample sizes the firm used in certain of its substantive procedures to test certain revenue and accounts receivable were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2201 39 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The firm did not identify and test any controls over inventory costing. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 42 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's performance of physical inventory counts. The firm did not test the aspect of these controls that addressed whether recorded inventory reflected the results of the issuer's physical counts. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2201 44 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The firm selected for testing controls that consisted of the issuer's performance of physical inventory counts. The firm did not test the aspect of these controls that addressed whether recorded inventory reflected the results of the issuer's physical counts. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2301 8 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The firm did not perform sufficient procedures to test the existence of this inventory because it did not inspect any records of the issuer's counts on which the year-end inventory was based. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 16 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 18 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 37 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2315 19 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2315 23 For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2315 23A For inventory at three business units one of which was affected by additional audit deficiencies the following deficiencies were identified: · The sample sizes the firm used in certain of its substantive procedures to test inventory were too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A E No Both financial statement and ICFR audits Audits with multiple deficiencies Journal Entries Fraud Risk 9 AS 2201 39 The firm identified a fraud risk related to the potential for management to override controls including recording unsupported journal entries. The firm subjected certain of the issuer's business units to less extensive audit procedures. With respect to these business units the following deficiencies were identified: · The firm did not identify and test any controls that addressed this risk. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2315 25 For one business unit the firm's substantive procedures to test revenue consisted of testing a sample of transactions. For certain of the transactions it selected for testing the firm was unable to obtain evidence demonstrating that the performance obligation had been satisfied when revenue was recognized. The firm did not consider the effect of these unexamined transactions on its evaluation of the sample results. (AS 2315.25) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 10 AS 2201 39 During the year the issuer acquired several businesses. The firm selected for testing a control that included the issuer's review of the fair values of assets acquired in these business combinations including the significant assumptions used. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 11 AS 1105 A8a During the year the issuer acquired several businesses. For one of these business combinations the issuer engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist that was used in the measurement of an acquired intangible asset. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate (1) whether this assumption was consistent with recent existing market information and (2) whether certain data the company's specialist used to develop this assumption were relevant to the assumption beyond observing that the data were from comparable industries. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 11 AS 1105 A8b During the year the issuer acquired several businesses. For one of these business combinations the issuer engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist that was used in the measurement of an acquired intangible asset. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate (1) whether this assumption was consistent with recent existing market information and (2) whether certain data the company's specialist used to develop this assumption were relevant to the assumption beyond observing that the data were from comparable industries. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 11 AS 1201 C6 During the year the issuer acquired several businesses. For one of these business combinations the issuer engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist that was used in the measurement of an acquired intangible asset. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate (1) whether this assumption was consistent with recent existing market information and (2) whether certain data the company's specialist used to develop this assumption were relevant to the assumption beyond observing that the data were from comparable industries. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 11 AS 1201 C7 During the year the issuer acquired several businesses. For one of these business combinations the issuer engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist that was used in the measurement of an acquired intangible asset. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate (1) whether this assumption was consistent with recent existing market information and (2) whether certain data the company's specialist used to develop this assumption were relevant to the assumption beyond observing that the data were from comparable industries. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 12 AS 2501 16 During the year the issuer acquired several businesses. For one of these business combinations the issuer engaged a specialist to assist it in determining the fair values of certain acquired intangible assets using various significant assumptions developed by the issuer or the company's specialist. The following deficiencies were identified: · The firm used an auditor-employed specialist to evaluate the reasonableness of a significant assumption developed by the company's specialist that was used in the measurement of an acquired intangible asset. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist did not evaluate (1) whether this assumption was consistent with recent existing market information and (2) whether certain data the company's specialist used to develop this assumption were relevant to the assumption beyond observing that the data were from comparable industries. (AS 1105.A8a and .A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 13 AS 2301 8 During the year the issuer acquired several businesses. For one of these business combinations the firm did not perform any substantive procedures to test the existence of inventory at the acquisition date. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 39 For a second business unit the following deficiencies were identified: · The firm did not identify and test any controls that addressed the risk related to accuracy of the quantity of items ordered. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 16 For a second business unit the following deficiencies were identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 18 For a second business unit the following deficiencies were identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2301 37 For a second business unit the following deficiencies were identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 19 For a second business unit the following deficiencies were identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23 For a second business unit the following deficiencies were identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 2315 23A For a second business unit the following deficiencies were identified: · The sample size the firm used in its substantive procedures to test this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 42 For one business unit the firm selected for testing the issuer's cycle-count control over the existence of inventory. The firm did not evaluate whether this control was designed to address whether all recorded inventory items were counted. (AS 2201.42) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2510 11 Due to the deficiency discussed above the firm did not obtain sufficient appropriate audit evidence that the cycle-count procedures the issuer used for this inventory were sufficiently reliable to produce results substantially the same as those that would have been obtained by a count of all items each year. (AS 2510.11) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2510 12 For another business unit the issuer performed full physical counts of inventory at various locations before year end. To test the existence of inventory at these locations the firm observed the issuer's physical counts and made certain independent test counts. The following deficiencies were identified: · For one of these locations the firm obtained an inventory listing from a date subsequent to the issuer's physical count. The firm did not inspect any records of the issuer's counts and apply appropriate tests of intervening transactions between the date of the issuer's counts and the date of the inventory listing. (AS 2510.12) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2301 8 For another business unit the issuer performed full physical counts of inventory at various locations before year end. To test the existence of inventory at these locations the firm observed the issuer's physical counts and made certain independent test counts. The following deficiencies were identified: · For another location the firm did not perform any procedures to evaluate certain differences it identified from its independent test counts. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 1105 10 For another business unit the issuer performed full physical counts of inventory at various locations before year end. To test the existence of inventory at these locations the firm observed the issuer's physical counts and made certain independent test counts. The following deficiencies were identified: · For two locations and certain other locations the firm did not perform appropriate procedures to test or test controls over the accuracy and/or completeness of certain issuer-produced reports it used to test intervening transactions between the dates of its inventory observations and year end. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 9 AS 2201 42 During the year the issuer acquired several businesses. The firm selected for testing a control that included the issuer's review of the fair values of assets acquired in these business combinations including the significant assumptions used. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain significant assumptions. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A F No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 9 AS 2201 44 During the year the issuer acquired several businesses. The firm selected for testing a control that included the issuer's review of the fair values of assets acquired in these business combinations including the significant assumptions used. The firm did not evaluate the specific review procedures the control owner performed to assess the reasonableness of certain significant assumptions. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 42 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing a control that addressed the issuer's review of certain investments for potential impairment. The firm did not evaluate whether the control was designed to consider all of the relevant requirements of FASB ASC Topic 326 Current Expected Credit Losses when assessing whether an impairment loss or credit impairment existed for these investments. (AS 2201.42 and .B22) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 1 AS 2201 B22 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing a control that addressed the issuer's review of certain investments for potential impairment. The firm did not evaluate whether the control was designed to consider all of the relevant requirements of FASB ASC Topic 326 Current Expected Credit Losses when assessing whether an impairment loss or credit impairment existed for these investments. (AS 2201.42 and .B22) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Insurance Reserves Significant Risk 10 AS 2201 46 The issuer used an IT system to process and record transactions and data which the issuer used in estimating its insurance reserves. In its testing of controls over insurance reserves the firm tested various IT-dependent manual controls that used data generated or maintained by this IT system. As a result of the deficiency in the firm's testing of ITGCs the firm's testing of these IT-dependent controls was not sufficient. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Insurance Reserves Significant Risk 11 AS 2201 39 The issuer used an IT system to process and record transactions and data which the issuer used in estimating its insurance reserves. In its testing of controls over insurance reserves the firm tested various IT-dependent manual controls that used data generated or maintained by this IT system. The firm did not identify and test any controls over the reliability of certain data that the issuer obtained from external parties and used in the operation of these IT-dependent controls. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Insurance Reserves Significant Risk 12 AS 1105 4 The firm's approach for substantively testing insurance reserves was to develop an independent expectation using these external data. The firm did not evaluate the reliability of these data used in developing its independent expectation. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Insurance Reserves Significant Risk 12 AS 1105 6 The firm's approach for substantively testing insurance reserves was to develop an independent expectation using these external data. The firm did not evaluate the reliability of these data used in developing its independent expectation. (AS 1105.04 and .06) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2201 42 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing a control that addressed the issuer's review of certain investments for potential impairment. The firm did not evaluate whether the control was designed to consider all of the relevant requirements of FASB ASC Topic 326 Current Expected Credit Losses when assessing whether an impairment loss or credit impairment existed for these investments. (AS 2201.42 and .B22) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 2 AS 2201 B22 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing a control that addressed the issuer's review of certain investments for potential impairment. The firm did not evaluate whether the control was designed to consider all of the relevant requirements of FASB ASC Topic 326 Current Expected Credit Losses when assessing whether an impairment loss or credit impairment existed for these investments. (AS 2201.42 and .B22) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 3 AS 2201 39 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm selected for testing a control over the review of monthly investment reconciliations. The firm did not identify and test any controls over the accuracy and completeness of certain reports used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 4 AS 2201 39 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 4 AS 2201 B19 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · The firm did not obtain an understanding of or test any relevant controls at certain sub-service organizations. (AS 2201.39 and .B19) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 5 AS 2201 B24 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · For one sub-service organization the firm did not perform any procedures to evaluate whether there were any changes in the sub-service organization's controls from the date of the service auditor's report to year end given the length of period under audit not covered by the service auditor's report. (AS 2201.B24 and .B25) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 5 AS 2201 B25 The issuer used various service organizations for the custody recordkeeping and processing of certain investment transactions and these service organizations used sub-service organizations for certain functions. The firm obtained the service auditor's reports for each of these service organizations and identified certain complementary user controls that the service auditor's reports described as necessary. The following deficiencies were identified: · For one sub-service organization the firm did not perform any procedures to evaluate whether there were any changes in the sub-service organization's controls from the date of the service auditor's report to year end given the length of period under audit not covered by the service auditor's report. (AS 2201.B24 and .B25) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2301 16 The sample size the firm used in certain of its substantive procedures to test these investments was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2301 18 The sample size the firm used in certain of its substantive procedures to test these investments was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2301 37 The sample size the firm used in certain of its substantive procedures to test these investments was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2315 19 The sample size the firm used in certain of its substantive procedures to test these investments was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2315 23 The sample size the firm used in certain of its substantive procedures to test these investments was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 6 AS 2315 23A The sample size the firm used in certain of its substantive procedures to test these investments was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to deficiencies in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 7 AS 2301 8 The firm did not perform sufficient procedures to evaluate the issuer's conclusion that no impairment or credit loss existed for certain investments because it did not take into account certain relevant requirements of FASB ASC Topic 326. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Investments 8 AS 2301 8 The firm used an auditor-engaged specialist to assist it with evaluating the appropriateness of the issuer's categorization of investments within the fair value hierarchy set forth in FASB ASC Topic 820 Fair Value Measurement. The firm identified certain differences between the categorizations determined by the issuer and those determined by the auditor-engaged specialist but did not perform any procedures to evaluate these differences. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A G No Both financial statement and ICFR audits Audits with multiple deficiencies Liabilities for Insurance Reserves Significant Risk 9 AS 1105 10 The issuer used an IT system to process and record transactions and data which the issuer used in estimating its insurance reserves. The firm selected for testing controls over change management for this system but did not perform any procedures to test or test any controls over the completeness of the population of items from which it selected its samples for testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 1 AS 2201 18 The firm used the work of internal audit as evidence of the effectiveness of certain controls over revenue inventory and accounts payable that the firm selected for testing. The firm identified that certain individuals from internal audit also served as control owners for certain of these controls. The firm did not sufficiently assess the objectivity of internal audit because it did not determine whether these individuals participated in the audit of these controls. (AS 2201.18; AS 2605.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Accounts Payable 1 AS 2605 10 The firm used the work of internal audit as evidence of the effectiveness of certain controls over revenue inventory and accounts payable that the firm selected for testing. The firm identified that certain individuals from internal audit also served as control owners for certain of these controls. The firm did not sufficiently assess the objectivity of internal audit because it did not determine whether these individuals participated in the audit of these controls. (AS 2201.18; AS 2605.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 18 The firm used the work of internal audit as evidence of the effectiveness of certain controls over revenue inventory and accounts payable that the firm selected for testing. The firm identified that certain individuals from internal audit also served as control owners for certain of these controls. The firm did not sufficiently assess the objectivity of internal audit because it did not determine whether these individuals participated in the audit of these controls. (AS 2201.18; AS 2605.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2605 10 The firm used the work of internal audit as evidence of the effectiveness of certain controls over revenue inventory and accounts payable that the firm selected for testing. The firm identified that certain individuals from internal audit also served as control owners for certain of these controls. The firm did not sufficiently assess the objectivity of internal audit because it did not determine whether these individuals participated in the audit of these controls. (AS 2201.18; AS 2605.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 18 The firm used the work of internal audit as evidence of the effectiveness of certain controls over revenue inventory and accounts payable that the firm selected for testing. The firm identified that certain individuals from internal audit also served as control owners for certain of these controls. The firm did not sufficiently assess the objectivity of internal audit because it did not determine whether these individuals participated in the audit of these controls. (AS 2201.18; AS 2605.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2605 10 The firm used the work of internal audit as evidence of the effectiveness of certain controls over revenue inventory and accounts payable that the firm selected for testing. The firm identified that certain individuals from internal audit also served as control owners for certain of these controls. The firm did not sufficiently assess the objectivity of internal audit because it did not determine whether these individuals participated in the audit of these controls. (AS 2201.18; AS 2605.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 42 The issuer performed cycle counts of certain inventory. The firm selected for testing controls that consisted of the issuer's review of the cycle-count results. The following deficiencies were identified: · For one of these controls the firm did not test beyond inquiry certain aspects of this control. Further in evaluating the design of another aspect of this control the firm did not determine whether certain items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 2 AS 2201 44 The issuer performed cycle counts of certain inventory. The firm selected for testing controls that consisted of the issuer's review of the cycle-count results. The following deficiencies were identified: · For one of these controls the firm did not test beyond inquiry certain aspects of this control. Further in evaluating the design of another aspect of this control the firm did not determine whether certain items identified for follow up were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 3 AS 2201 42 The issuer performed cycle counts of certain inventory. The firm selected for testing controls that consisted of the issuer's review of the cycle-count results. The following deficiencies were identified: · In evaluating the design of an aspect of another control the firm did not evaluate whether the thresholds the control owner used to identify items for investigation were sufficiently precise to detect material misstatements. (AS 2201.42) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 4 AS 2201 39 The issuer performed cycle counts of certain inventory. The firm selected for testing controls that consisted of the issuer's review of the cycle-count results. The following deficiencies were identified: · The firm did not identify and test any controls over the accuracy of certain information used in the operation of the control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 5 AS 2301 8 To test the existence of this inventory the firm performed independent physical counts of inventory at year end. The following deficiency was identified: · The firm did not sufficiently test inventory because it did not compare the inventory listings it used to perform its substantive procedures to the recorded balance. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2315 16 To test the existence of this inventory the firm performed independent physical counts of inventory at year end. The following deficiency was identified: · The firm's sample size for testing the existence of this inventory was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2315 23 To test the existence of this inventory the firm performed independent physical counts of inventory at year end. The following deficiency was identified: · The firm's sample size for testing the existence of this inventory was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 6 AS 2315 23A To test the existence of this inventory the firm performed independent physical counts of inventory at year end. The following deficiency was identified: · The firm's sample size for testing the existence of this inventory was too small to provide sufficient appropriate audit evidence because in determining the sample size the firm did not take into account tolerable misstatement and the allowable risk of incorrect acceptance. (AS 2315.16 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 7 AS 2201 39 For certain inventory the firm did not identify and test any controls over the reserve for excess and obsolete inventory. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 16 The firm's substantive procedures to test the cost of certain inventory consisted of selecting a sample of items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account that one of the controls it relied upon was ineffective. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 18 The firm's substantive procedures to test the cost of certain inventory consisted of selecting a sample of items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account that one of the controls it relied upon was ineffective. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2301 37 The firm's substantive procedures to test the cost of certain inventory consisted of selecting a sample of items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account that one of the controls it relied upon was ineffective. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2315 19 The firm's substantive procedures to test the cost of certain inventory consisted of selecting a sample of items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account that one of the controls it relied upon was ineffective. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2315 23 The firm's substantive procedures to test the cost of certain inventory consisted of selecting a sample of items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account that one of the controls it relied upon was ineffective. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A H No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 8 AS 2315 23A The firm's substantive procedures to test the cost of certain inventory consisted of selecting a sample of items for testing. The sample size the firm used was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported as it did not take into account that one of the controls it relied upon was ineffective. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 13 The issuer used service organizations to process and/or record transactions for revenue and related accounts and the firm used certain information including delivery information produced by these service organizations in its substantive testing of these accounts. The following deficiencies were identified: · The firm did not perform any procedures to test the accuracy and/or completeness of certain of this information. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 1 AS 2301 8 The issuer used service organizations to process and/or record transactions for revenue and related accounts and the firm used certain information including delivery information produced by these service organizations in its substantive testing of these accounts. The following deficiencies were identified: · The firm did not perform any procedures to test the accuracy and/or completeness of certain of this information. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2301 13 The issuer used service organizations to process and/or record transactions for revenue and related accounts and the firm used certain information including delivery information produced by these service organizations in its substantive testing of these accounts. The following deficiencies were identified: · The firm's substantive procedures to test revenue included selecting a sample of revenue transactions. For certain selections the firm did not perform substantive procedures to test this delivery information beyond comparing the information to another report from the service organization. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Revenue and Related Accounts Fraud Risk 2 AS 2301 8 The issuer used service organizations to process and/or record transactions for revenue and related accounts and the firm used certain information including delivery information produced by these service organizations in its substantive testing of these accounts. The following deficiencies were identified: · The firm's substantive procedures to test revenue included selecting a sample of revenue transactions. For certain selections the firm did not perform substantive procedures to test this delivery information beyond comparing the information to another report from the service organization. (AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 3 AS 2501 16 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows which included significant assumptions related to sales growth product mix and pricing for the forecast period. The following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of the forecasted sales growth. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2501 16 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows which included significant assumptions related to sales growth product mix and pricing for the forecast period. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain pricing assumptions because it limited its procedures to inquiry of management and review of internal plans without taking into account the issuer's ability to carry out its planned course of action. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 4 AS 2501 17 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows which included significant assumptions related to sales growth product mix and pricing for the forecast period. The following deficiencies were identified: · The firm did not sufficiently evaluate the reasonableness of certain pricing assumptions because it limited its procedures to inquiry of management and review of internal plans without taking into account the issuer's ability to carry out its planned course of action. (AS 2501.16 and .17) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Business Combinations Significant Risk 5 AS 2501 16 During the year the issuer acquired a business and determined the fair value of an acquired intangible asset using forecasted cash flows which included significant assumptions related to sales growth product mix and pricing for the forecast period. The following deficiencies were identified: · The firm did not evaluate whether the issuer had a reasonable basis for (1) the product mix assumption and (2) another pricing assumption. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A I No Financial statement audit only Audits with multiple deficiencies Intangible Assets 6 AS 2301 8 The firm did not perform procedures to evaluate certain indicators of potential impairment that existed at year end. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 39 For certain revenue at one business unit the following deficiencies were identified: · For contracts with recurring monthly revenue the firm did not identify and test any controls over the recording of certain of this revenue. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 44 For certain revenue at one business unit the following deficiencies were identified: · The firm selected for testing a control that included the issuer's review of the accuracy and completeness of customer contract information in the issuer's system that it used to record revenue. In its testing of the operating effectiveness of this control the firm did not test this aspect of the control. (AS 2201.44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 3 AS 1105 10 For certain revenue at one business unit the following deficiencies were identified: · As a result of the deficiency identified the firm did not perform sufficient procedures to test or sufficiently test controls over the completeness of a report used in its substantive testing. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 4 AS 2201 46 For certain revenue at two other business units the firm selected for testing controls that addressed whether the performance obligation had been satisfied before revenue was recognized. The number of occurrences selected for testing did not provide sufficient appropriate audit evidence in light of either the assessed inherent risk associated with the account or the frequency of the operation of the control. (AS 2201.46) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 5 AS 2301 8 For one of these two business units the firm did not perform any substantive procedures to test whether the performance obligation was satisfied before revenue was recognized for the first 10 months of the year. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 18 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2301 37 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 16 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 19 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 23 The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A J No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 6 AS 2315 23A The sample sizes the firm used in certain of its substantive procedures to test revenue were too small to provide sufficient appropriate audit evidence because (1) these procedures were designed based on a level of control reliance that was not supported due to the deficiencies in the firm's control testing discussed above and/or (2) in determining the sample size the firm did not take into account the allowable risk of incorrect acceptance. (AS 2301.16 .18 and .37; AS 2315.16 .19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 1 AS 2201 39 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The firm did not identify and test any controls over the accuracy and completeness of the revenue data that had been accumulated by the service organization from the various IT systems. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 2 AS 1105 10 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The firm did not perform procedures to test or identify and test controls over the accuracy and/or completeness of certain of these data that the firm used in its substantive testing of this revenue. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 16 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test certain of this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 18 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test certain of this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2301 37 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test certain of this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 19 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test certain of this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23 The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test certain of this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue 3 AS 2315 23A The issuer used a service organization to accumulate revenue data initiated in and processed by the issuer's various IT systems and the issuer recorded certain revenue based on these data. The following deficiency was identified: · The sample size the firm used in its substantive procedures to test certain of this revenue was too small to provide sufficient appropriate audit evidence because these procedures were designed based on a level of control reliance that was not supported due to the deficiency in the firm's control testing discussed above. (AS 2301.16 .18 and .37; AS 2315.19 .23 and .23A) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A K No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 4 AS 2201 39 During the year the issuer acquired a business. The firm selected for testing a control that included the issuer's review of the valuation of acquired intangible assets and related assumptions. The firm did not identify and test any controls over the accuracy and completeness of certain data used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 1105 10 The issuer recognized certain revenue based on customer activity that was tracked using the issuer's various IT systems and it used service organizations to process customer payments. The firm's approach for substantively testing certain of this revenue consisted primarily of performing a software-assisted analysis to test the relationships between revenue and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of the underlying data. The firm did not sufficiently test the accuracy of the underlying data because the firm did not perform any procedures to (1) test or test controls over certain internally generated information that it used and (2) test the issuer's complementary user controls that the service auditor's reports described as necessary to rely on this payment information. (AS 1105.10; AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 13 The issuer recognized certain revenue based on customer activity that was tracked using the issuer's various IT systems and it used service organizations to process customer payments. The firm's approach for substantively testing certain of this revenue consisted primarily of performing a software-assisted analysis to test the relationships between revenue and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of the underlying data. The firm did not sufficiently test the accuracy of the underlying data because the firm did not perform any procedures to (1) test or test controls over certain internally generated information that it used and (2) test the issuer's complementary user controls that the service auditor's reports described as necessary to rely on this payment information. (AS 1105.10; AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2301 8 The issuer recognized certain revenue based on customer activity that was tracked using the issuer's various IT systems and it used service organizations to process customer payments. The firm's approach for substantively testing certain of this revenue consisted primarily of performing a software-assisted analysis to test the relationships between revenue and cash receipts. The reliability of the audit evidence obtained from this analysis was dependent upon the firm's testing of the underlying data. The firm did not sufficiently test the accuracy of the underlying data because the firm did not perform any procedures to (1) test or test controls over certain internally generated information that it used and (2) test the issuer's complementary user controls that the service auditor's reports described as necessary to rely on this payment information. (AS 1105.10; AS 2301.08 and .13) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A L No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 To identify and select journal entries for testing the firm identified fraud characteristics and obtained a list of all journal entries with these characteristics. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain journal entries without having an appropriate rationale for limiting its testing to those certain journal entries. (AS 2401.61) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 1 AS 1105 A8b During the year the issuer entered into a convertible debt agreement that included an embedded conversion option; the issuer accounted for this option as a derivative liability. The following deficiency was identified: · The issuer engaged a specialist to determine the fair value of this liability at issuance. The firm's approach for substantively testing the fair value of this liability at issuance was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption the company's specialist developed using a range of potential assumptions from comparable companies. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist's procedures were limited to determining that the assumption was among the higher end of the range of potential assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 1 AS 1201 C6 During the year the issuer entered into a convertible debt agreement that included an embedded conversion option; the issuer accounted for this option as a derivative liability. The following deficiency was identified: · The issuer engaged a specialist to determine the fair value of this liability at issuance. The firm's approach for substantively testing the fair value of this liability at issuance was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption the company's specialist developed using a range of potential assumptions from comparable companies. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist's procedures were limited to determining that the assumption was among the higher end of the range of potential assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 1 AS 1201 C7 During the year the issuer entered into a convertible debt agreement that included an embedded conversion option; the issuer accounted for this option as a derivative liability. The following deficiency was identified: · The issuer engaged a specialist to determine the fair value of this liability at issuance. The firm's approach for substantively testing the fair value of this liability at issuance was to test the issuer's process and the firm used an auditor-employed specialist to evaluate a significant assumption the company's specialist developed using a range of potential assumptions from comparable companies. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because the auditor-employed specialist's procedures were limited to determining that the assumption was among the higher end of the range of potential assumptions. (AS 1105.A8b; AS 1201.C6 and .C7) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 2 AS 2810 30 During the year the issuer entered into a convertible debt agreement that included an embedded conversion option; the issuer accounted for this option as a derivative liability. The following deficiency was identified: · The firm did not identify and evaluate misstatements in the financial statements and required disclosures related to this derivative liability. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A M No Financial statement audit only Audits with multiple deficiencies Derivatives Significant Risk 2 AS 2810 31 During the year the issuer entered into a convertible debt agreement that included an embedded conversion option; the issuer accounted for this option as a derivative liability. The following deficiency was identified: · The firm did not identify and evaluate misstatements in the financial statements and required disclosures related to this derivative liability. (AS 2810.30 and .31) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 1 AS 2201 39 The firm did not identify and test any controls that addressed the risk related to the issuer's compliance with transfer pricing regulations for intercompany transactions. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A N No Both financial statement and ICFR audits Audits with multiple deficiencies Income Taxes 2 AS 2301 8 The firm did not perform any substantive procedures to evaluate the issuer's assessment of its compliance with transfer-pricing regulations for intercompany transactions. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Investments 1 AS 2301 8 The firm used an auditor-engaged specialist to assist it with evaluating the appropriateness of the issuer's categorization of investments within the fair value hierarchy set forth in FASB ASC Topic 820. The firm identified a difference between the categorization determined by the issuer and determined by the auditor-engaged specialist but did not perform any procedures to evaluate this difference. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 61 To identify and select journal entries for testing the firm identified fraud characteristics. The firm did not perform any procedures to evaluate whether any of the journal entries recorded in the last month of the year had these characteristics. (AS 2401.61 and .62) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A O No Financial statement audit only Audits with multiple deficiencies Journal Entries Fraud Risk 2 AS 2401 62 To identify and select journal entries for testing the firm identified fraud characteristics. The firm did not perform any procedures to evaluate whether any of the journal entries recorded in the last month of the year had these characteristics. (AS 2401.61 and .62) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 1 AS 2201 39 During the year the issuer acquired a business and engaged a specialist to assist it in determining the fair values of certain acquired assets. The firm selected for testing a control that included the issuer's comparison of fair values determined by the company's specialist to fair values included in a separate valuation report received by the issuer. The firm did not identify and test any controls over the reasonableness of the fair values included in the separate valuation report used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 1201 C6 The firm used an auditor-employed specialist to assist it with testing the fair values of these acquired assets which were determined by the company's specialist. The auditor-employed specialist's approach consisted of developing independent expectations consisting of a range of the fair values for a selection of these assets. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the independent expectations of the fair values as a range encompassed only reasonable outcomes and were supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 1201 C7 The firm used an auditor-employed specialist to assist it with testing the fair values of these acquired assets which were determined by the company's specialist. The auditor-employed specialist's approach consisted of developing independent expectations consisting of a range of the fair values for a selection of these assets. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the independent expectations of the fair values as a range encompassed only reasonable outcomes and were supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A P No Both financial statement and ICFR audits Audits with multiple deficiencies Business Combinations 2 AS 2501 25 The firm used an auditor-employed specialist to assist it with testing the fair values of these acquired assets which were determined by the company's specialist. The auditor-employed specialist's approach consisted of developing independent expectations consisting of a range of the fair values for a selection of these assets. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate whether the independent expectations of the fair values as a range encompassed only reasonable outcomes and were supported by sufficient appropriate audit evidence. (AS 1201.C6 and .C7; AS 2501.25) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A Q No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer recorded revenue net of customer rebates and other deductions. The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of the reconciliation between net revenue and cash receipts. The firm did not evaluate the specific review procedures that the control owner performed to assess certain adjustments between net revenue and cash receipts. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A Q No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 44 The issuer recorded revenue net of customer rebates and other deductions. The following deficiency was identified: · The firm selected for testing a control that consisted of the issuer's review of the reconciliation between net revenue and cash receipts. The firm did not evaluate the specific review procedures that the control owner performed to assess certain adjustments between net revenue and cash receipts. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A Q No ICFR audit only Audits with multiple deficiencies Revenue Fraud Risk 2 AS 2201 39 The issuer recorded revenue net of customer rebates and other deductions. The following deficiency was identified: · The firm did not identify and test any controls over accrued rebates and other deductions. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 1 AS 2301 8 The firm's substantive procedures to test the unit cost of inventory consisted of selecting a sample of items for testing. For certain items selected for testing the firm did not perform sufficient procedures to test the unit cost because it inspected supporting documentation for only a portion of the quantity of these items held at year end. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A R No Financial statement audit only Audits with multiple deficiencies Inventory Significant Risk 2 AS 1105 10 The firm used information produced by the issuer in its substantive procedures to test the reserve for excess and obsolete inventory. The firm did not perform any procedures to test or test controls over the accuracy and/or completeness of certain of this information. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A S No Financial statement audit only Audits with multiple deficiencies Warrants 1 AS 2501 16 The issuer issued warrants that were recorded as liabilities. For certain of these warrants the following deficiencies were identified: · The firm did not perform any procedures to evaluate the reasonableness of a significant assumption the issuer used to value these warrants at year end. (AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A S No Financial statement audit only Audits with multiple deficiencies Warrants 2 AS 2301 8 The issuer issued warrants that were recorded as liabilities. For certain of these warrants the following deficiencies were identified: · The firm did not perform any substantive procedures to evaluate the appropriateness of the issuer's categorization of these warrants within the fair value hierarchy as set forth in FASB ASC Topic 820. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 42 The firm selected for testing the issuer's cycle-count control over inventory at certain locations. The firm did not test the aspect of this control that addressed whether all inventory items at these locations were counted during the period. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Inventory 1 AS 2201 44 The firm selected for testing the issuer's cycle-count control over inventory at certain locations. The firm did not test the aspect of this control that addressed whether all inventory items at these locations were counted during the period. (AS 2201.42 and .44) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A T No ICFR audit only Audits with multiple deficiencies Inventory 2 AS 2201 39 The firm selected for testing the issuer's cycle-count control over inventory at certain locations. The firm did not identify and test any controls that addressed the completeness of certain reports used in the operation of this control. (AS 2201.39) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A U No Financial statement audit only Audits with a single deficiency Long-Lived Assets Significant Risk 1 AS 1201 C6 The issuer evaluated certain long-lived assets for possible impairment using significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate one of these assumptions. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate a significant difference between this assumption and the issuer's recent experience. Further when evaluating the issuer's ability to carry out its planned course of action the firm performed a sensitivity analysis for this assumption but did not evaluate the significant differences between the alternative assumptions it used in this analysis and the issuer's recent experience. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A U No Financial statement audit only Audits with a single deficiency Long-Lived Assets Significant Risk 1 AS 1201 C7 The issuer evaluated certain long-lived assets for possible impairment using significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate one of these assumptions. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate a significant difference between this assumption and the issuer's recent experience. Further when evaluating the issuer's ability to carry out its planned course of action the firm performed a sensitivity analysis for this assumption but did not evaluate the significant differences between the alternative assumptions it used in this analysis and the issuer's recent experience. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A U No Financial statement audit only Audits with a single deficiency Long-Lived Assets Significant Risk 1 AS 2501 16 The issuer evaluated certain long-lived assets for possible impairment using significant assumptions it developed based on its planned course of action. The firm's approach for substantively testing the issuer's impairment assessment was to test the issuer's process and the firm used an auditor-employed specialist to evaluate one of these assumptions. The firm did not identify that the work of the auditor-employed specialist did not provide sufficient appropriate audit evidence because it did not evaluate a significant difference between this assumption and the issuer's recent experience. Further when evaluating the issuer's ability to carry out its planned course of action the firm performed a sensitivity analysis for this assumption but did not evaluate the significant differences between the alternative assumptions it used in this analysis and the issuer's recent experience. (AS 1201.C6 and .C7; AS 2501.16) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A V No Financial statement audit only Audits with a single deficiency Journal Entries Fraud Risk 1 AS 2401 61 To identify and select journal entries for testing the firm identified fraud characteristics and obtained a list of all journal entries with these characteristics. The firm did not perform sufficient procedures to test those journal entries because it examined the underlying support for only certain journal entries without having an appropriate rationale for limiting its testing to those certain journal entries. (AS 2401.61) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A W No Financial statement audit only Audits with a single deficiency Intangible Assets 1 AS 2301 8 The firm did not perform procedures to evaluate certain indicators of potential impairment that existed at year end. (AS 2301.08) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A X No Financial statement audit only Audits with a single deficiency Inventory 1 AS 1105 10 The firm did not perform any procedures to test or test controls over the accuracy of certain information produced by the issuer that the firm used in its substantive testing of the reserve for excess and obsolete inventory. (AS 1105.10) Annually Inspected 243 BDO USA, P.C. 2023 United States BDO International Limited 2024-05-23T00:00:00 Part I.A Y No ICFR audit only Audits with a single deficiency Revenue 1 AS 2201 39 For one type of revenue at one business unit the firm did not identify and test any controls over the accuracy of certain order information from the issuer's customer ordering system that the issuer used to record revenue. (AS 2201.39) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 42 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue for the issuer's business units the firm selected for testing entity-level controls that consisted of the issuer's (1) review and approval of its business unit and consolidated budgets and (2) comparisons of the business unit budgets and prior-period results to actual results. The firm did not evaluate the specific review procedures that the control owners performed to assess items identified for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Inventory 1 AS 2201 44 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue for the issuer's business units the firm selected for testing entity-level controls that consisted of the issuer's (1) review and approval of its business unit and consolidated budgets and (2) comparisons of the business unit budgets and prior-period results to actual results. The firm did not evaluate the specific review procedures that the control owners performed to assess items identified for follow up and the procedures to determine whether those items were appropriately resolved. (AS 2201.42 and .44) Annually Inspected 248 Grant Thornton LLP 2023 United States Grant Thornton International Limited 2024-05-23T00:00:00 Part I.A A No Both financial statement and ICFR audits Audits with multiple deficiencies Revenue Fraud Risk 1 AS 2201 42 The issuer recorded transactions related to revenue and inventory at numerous business units. To address the risks of material misstatement related to revenue for the issuer's business units the firm selected for testing entity-level controls that consisted of the issuer's (1) review and approval of its business unit and consolidated budgets and (2) comparisons of the business unit budgets and prior-period results to actual results. The firm did not evaluate the specific review procedures that the control owners performed to assess items identified for follow up and the procedures to determine whether those