|PCAOB
		PublicCompany
		Accounting
		Oversight
		Board                 |  |  | 1666
		KStreet,N.WWashington,DC 20006Telephone:(202)207-9100Facsimile:(202)862-8430www.pcaobus.org
|---------------------------------------------------------------------- |  |  | --------------------------------------------------------------------------------------------------
|Inspection of
Wieseneck, Andres & Company, P.A.                        |  |  |                                                                                                   
|                                                                       |  |  |                                                                                                   
|Issued by thePublic Company Accounting Oversight BoardOctober 27, 2005 |  |  |                                                                                                   



THIS
				IS A PUBLIC VERSION OF A PCAOB INSPECTION REPORT
				
				PORTIONS OF THE COMPLETE REPORT ARE OMITTED
				FROM
				THIS DOCUMENT IN ORDER TO COMPLY WITH
				SECTIONS 104(g)(2) AND 105(b)(5)(A)
				OF THE
				SARBANES-OXLEY ACT OF 2002




|PCAOB RELEASE
		NO. 104-2005-117A
		(Includes
		portions of Parts II and IV of the full report that
		were not
		included in PCAOB Release No. 104-2005-117)
|------------------------------------------------------------------------------------------------------------------------------------------------------------





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|PCAOB Release No. 104-2005-117A                       
|------------------------------------------------------
|PCAOB
		PublicCompany
		Accounting
		Oversight
		Board
|                                                      

Notes
				Concerning this Report1.    Portions of this report may describe
				deficiencies or potential deficiencies in the systems, policies,
				procedures, practices, or conduct of the firm that is the
				subject of this report. The express inclusion of certain
				deficiencies and potential deficiencies, however, should not be
				construed to support any negative inference that any other
				aspect of the firm's systems, policies, procedures, practices,
				or conduct is approved or condoned by the Board or judged by the
				Board to comply with laws, rules, and professional standards.
				
				2.     Any references in this report to
				violations or potential violations of law, rules, or
				professional standards should be understood in the supervisory
				context in which this report was prepared. Any such references
				are not a result of an adversarial adjudicative process and do
				not constitute conclusive findings of fact or of violations for
				purposes of imposing legal liability. Similarly, any description
				herein of a firm's cooperation in addressing issues
				constructively should not be construed, and is not construed by
				the Board, as an admission, for purposes of potential legal
				liability, of any violation.
				
				3.     Board inspections encompass, among
				other things, whether the firm has failed to identify departures
				from Generally Accepted Accounting Principles ("GAAP") in its
				audits of financial statements. This report's descriptions of
				any such auditing failures necessarily involve descriptions of
				the related GAAP departures. The Board, however, has no
				authority to prescribe the form or content of an issuer's
				financial statements. That authority, and the authority to make
				binding determinations concerning an issuer's compliance with
				GAAP, rests with the Securities and Exchange Commission ("SEC"
				or "Commission"). Any description, in this report, of perceived
				departures from GAAP should not be understood as an indication
				that the Commission has considered or made any determination
				regarding these GAAP issues unless otherwise expressly stated.




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|PCAOB Release No. 104-2005-117A                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|PCAOB
		PublicCompany
		Accounting
		Oversight
		Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|INSPECTION OF
		WIESENECK, ANDRES & COMPANY, P.A.The Public Company Accounting Oversight Board ("PCAOB" or "the Board")
		has conducted an inspection of the registered public accounting firm
		Wieseneck, Andres & Company, P.A. ("the Firm"). The Board is issuing
		this report of that inspection in accordance with the requirements of
		the Sarbanes-Oxley Act of 2002 ("the Act").
		
		The Board is making portions of the report publicly available.
		Specifically, the Board is releasing to the public Part I of the report
		and portions of Part IV of the report. Part IV of the report consists of
		the Firm's comments, if any, on a draft of the report.1/The Board has elsewhere described in detail its approach to making
		inspection related information publicly available consistent with legal
		restrictions.2/
		A substantial portion of the Board's criticisms of
		a firm (specifically criticisms of the firm's quality control system),
		and the Board's dialogue with the firm about those criticisms, occurs
		out of public view, unless the firm fails to make progress to the
		Board's satisfaction in addressing those criticisms. In addition, the
		Board generally does not disclose otherwise nonpublic information,
		learned through inspections, about the firm or its clients. Accordingly,
		information in those categories generally does not appear in the
		publicly available portion of an inspection report._______________________________
		1/The Board does not make public any of a
		firm's comments that address a nonpublic portion of the report. In
		addition, pursuant to section 104(f) of the Act, 15 U.S.C. section 7214(f),
		and PCAOB Rule 4007(b), if a firm requests, and the Board grants,
		confidential treatment for any of the firm's comments on a draft report,
		the Board does not include those comments in the final report at all.
		The Board notes that it routinely grants confidential treatment, if
		requested, for any of a firm's comments that identify factually
		inaccurate statements in the draft that the Board corrects in the final
		report.
		
		2/See Statement Concerning the Issuance of
		Inspection Reports, PCAOB Release No. 104-2004-001 (August 26, 2004).







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|PCAOB
		PublicCompany
		Accounting
		Oversight
		Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  | PCAOB Release No. 104-2005-117A
		Inspection of Wieseneck, Andres
		& Company, P.A.
		October 27, 2005
		Page 2
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------------------------------------------------------------------------------------------------------
|PART I
		INSPECTION PROCEDURES AND CERTAIN OBSERVATIONSMembers of the Board's inspection staff ("the inspection team")
		conducted fieldwork for the inspection from May 2, 2005 to May 4, 2005.
		The fieldwork included procedures tailored to the nature of the Firm,
		certain aspects of which the inspection team understood at the outset of
		the inspection to be as follows:
		
		Number of offices 1 (North Palm Beach, Florida)
		
		Ownership structure Corporation
		
		Number of partners 2
		
		Number of professional staff3/1
		
		Number of issuer audit clients4/10
		
		Board
		inspections are designed to identify and address weaknesses and
		deficiencies related to how a firm conducts audits. To achieve that
		goal, Board inspections include reviews of certain aspects of selected
		audits performed by the firm and reviews of other matters related to the
		firm's quality control system.In the course of reviewing aspects of
		selected audits, an inspection may identify ways in which a particular
		audit is deficient, including failures by the firm to identify, or to
		address appropriately, respects in which an issuer's financial
		statements do not presentfairly the financial position, results of
		operations, or cash flows of the issuer in
		
		_____________________3/
		"Professional staff" includes all personnel of the
		Firm, except partners or shareholders and administrative support
		personnel. The number of partners and professional staff is provided
		here as an indication of the size of the Firm, and does not necessarily
		represent the number of the Firm's professionals who participate in
		audits of issuers or are "associated persons" (as defined in the Act) of
		the Firm.
		
		4/
		The number of issuer audit clients shown here is
		based on the Firm's self reporting and the inspection team's review of
		certain information for inspection planning purposes. It does not
		reflect any Board determination concerning which, or how many, of the
		Firm's audit clients are "issuers" as defined in the Act. |  |                                                                                                                





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|PCAOB
		PublicCompany
		Accounting
		Oversight
		Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |  | PCAOB Release No. 104-2005-117A
		Inspection of Wieseneck, Andres
		& Company, P.A.
		October 27, 2005
		Page 3
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | ---------------------------------------------------------------------------------------------------------------
|conformity
		with GAAP.5/
		It is not the purpose of an inspection, however, to
		review all of a firm's audits or to identify every respect in which a
		reviewed audit is deficient.  Accordingly, a Board inspection
		report should not be understood to provide any assurance that the firm's
		audits, or its issuer clients' financial statements, are free of any
		deficiencies not specifically described in an inspection report.
		
		A. Review of Audit Engagements
		
		The scope
		of the inspection procedures performed included reviews of aspects of
		the performance of two of the Firm's audits of the financial statements
		of issuers. Those audits and aspects were selected according to the
		Board's criteria, and the Firm was not allowed an opportunity to limit
		or influence the selection process.
		
		The inspection team identified matters that it considered to be audit
		deficiencies.6/
		The deficiencies identified in both of the audits
		reviewed included deficiencies of such significance that it appeared to
		the inspection team that the Firm did not obtain sufficient competent
		evidential matter to support its opinion on the issuer's financial
		statements. Those deficiencies included
		
		(1)    the failure to perform adequate audit procedures
		to test the existence and valuation of investments and goodwill; and
		
		
		____________________
		5/When it comes to the Board's attention
		that an issuer's financial statements appear not to present fairly, in a
		material respect, the financial position, results of operations or cash
		flows of the issuer in conformity with GAAP, the Board reports that
		information to the SEC, which has jurisdiction to determine proper
		accounting in issuers' financial statements.
		
		6/PCAOB standards require a firm to take
		appropriate actions to assess the importance of audit deficiencies
		identified after the date of the audit report to the firm's present
		ability to support its previously expressed opinions. See AU 390,
		Consideration of Omitted Procedures After
		the Report Date,and AU 561,
		Subsequent Discovery of Facts Existing at
		the Date of the Auditor's Report(both
		included among the PCAOB's interim auditing standards, pursuant to PCAOB
		Rule 3200T). Failure to comply with these PCAOB standards could be a
		basis for Board disciplinary sanctions. |  |                                                                                                                





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|PCAOB
		PublicCompany
		Accounting
		Oversight
		Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |  | PCAOB Release No. 104-2005-117A
		Inspection of Wieseneck, Andres
		& Company, P.A.
		October 27, 2005
		Page 4
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------------------------------------------------------------------------------------------------------
|(2)    the failure to perform and document adequate audit
		procedures to test the existence of a significant portion of the
		inventory balance and to test the valuation of the issuer's recorded
		inventory.
		
		B. Review of Quality Control System
		
		In addition to evaluating the quality of the audit work performed on
		specific audits, the inspection included review of certain of the Firm's
		practices, policies and procedures related to audit quality. This review
		addressed practices, policies and procedures concerning audit
		performance, training, compliance with independence standards, client
		acceptance and retention, and the establishment of policies and
		procedures. As described above, any defects in, or criticisms of, the
		Firm's quality control system are discussed in the nonpublic portion of
		this report and will remain nonpublic unless the Firm fails to address
		them to the Board's satisfaction within 12 months of the date of this
		report.
		
		END OF PART I |  |                                                                                                                





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|PCAOB
		PublicCompany
		Accounting
		Oversight
		Board                                        |  | PCAOB Release No. 104-2005-117A
		Inspection of Wieseneck, Andres
		& Company, P.A.
		October 27, 2005
		Page 5
|--------------------------------------------------------------------------------------------- |  | ---------------------------------------------------------------------------------------------------------------
|PORTIONS OF THE REST OF THIS REPORT ARE NONPUBLIC AND ARE OMITTED
		FROM THIS PUBLIC DOCUMENT |  |                                                                                                                





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|PCAOB
		PublicCompany
		Accounting
		Oversight
		Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  | PCAOB Release No. 104-2005-117A
		Inspection of Wieseneck, Andres
		& Company, P.A.
		October 27, 2005
		Page 6
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|PART II* * * *
		
		B. Issues Related to Quality Controls
		
		The inspection of the Firm included consideration of aspects of the
		Firm's system of quality control. Assessment of a firm's quality control
		system rests both on review of a firm's stated quality control policies
		and procedures and on inferences that can be drawn from respects in
		which a firm's system has failed to assure quality in the actual
		performance of engagements.7/On the basis of the information reported by
		the inspection team, the Board has the following concerns about aspects
		of the Firm's system of quality control.
		
		Audit Performance
		
		A firm's system of quality control should provide reasonable assurance
		that the work performed on an audit engagement will meet applicable
		professional standards and regulatory requirements. On the basis of the
		information reported by the inspection team, including the audit
		performance deficiencies described in Part II. A and any other
		deficiencies identified below, the Board has concerns that the Firm's
		system of quality control fails to provide such reasonable assurance in
		at least the following respects
		
		a. Technical Competence, Due Care, and Professional Skepticism
		
		The Firm's system of quality control appears not to do enough to
		ensure technical competence and the exercise of due care or professional
		skepticism. In addition to the deficiencies noted in Part II. A, the
		inspection team reported the Firm apparently failed to detect the
		omission of potentially significant disclosures in the financial
		statements of one issuer audit client's financial statements. [Issuer A]
		
		
		______________________
		7/A firm's failure to comply with the
		requirements of PCAOB standards when performing an audit may be an
		indication of a potentially significant defect in a firm's quality
		control system even if that failure did not result in an insufficiently
		supported audit opinion. |  |                                                                                                                







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|PCAOB
		PublicCompany
		Accounting
		Oversight
		Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  | PCAOB Release No. 104-2005-117A
		Inspection of Wieseneck, Andres
		& Company, P.A.
		October 27, 2005
		Page 7
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------------------------------------------------------------------------------------------------------
|b. Auditor Communications
		
		The Firm's
		system of quality control does not provide sufficient assurance that the
		Firm would make or document all required auditor communications with
		audit committees, including making independence confirmations required
		by Independence Standards Board Standard No. 1,
		Independence Discussions with Audit
		Committees, and formally documenting
		communications with audit committees. [Issuers A and B]
		
		c. Concurring Partner Review
		
		Questions
		exist about the effectiveness of the Firm's existing arrangement for
		concurring partner reviews. Having procedures for concurring partner
		review by a competent reviewer is an important element of quality
		control. Such reviews should involve the performance of appropriate
		procedures using due care and professional skepticism, with the Firm
		appropriately addressing the reviewer's findings and documenting the
		process. The information reported by the inspection team suggests that
		there is no evidence that the concurring partner review procedure used
		by the Firm resulted in the identification of any of the deficiencies
		noted by the inspection team.  This may result from a lack of
		competency, due care or professional skepticism on the part of the
		concurring partner; deficiencies in the scope of the concurring
		partner's procedures; and/or the Firm's failure to properly address the
		concurring partner findings.  Apparent deficiencies in
		documentation of the scope and results of the concurring partner's
		reviews preclude the Board from determining the relative contribution of
		each of these potential causes to the failure of the concurring partner
		process to prevent the deficiencies reported by the inspection team.
		
		* * * * |  |                                                                                                                







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|PCAOB
		PublicCompany
		Accounting
		Oversight
		Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |  | PCAOB Release No. 104-2005-117A
		Inspection of Wieseneck, Andres
		& Company, P.A.
		October 27, 2005
		Page 8
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------------------------------------------------------------------------------------------------------
|PART IV
		
		RESPONSE OF THE FIRM TO DRAFT INSPECTION REPORTPursuant to
		section 104(f) of the Act, 15 U.S.C. Section 7214(f), and PCAOB Rule 4007(a),
		the Board provided the Firm an opportunity to review and comment on a
		draft of this report. The Firm provided a written response.
		
		Pursuant to
		section 104(f) of the Act and PCAOB Rule 4007(b), if a firm requests,and
		the Board grants, confidential treatment for any of the firm's comments
		on a draft report, the Board does not include those comments in the
		final report. The Board routinely grants confidential treatment, if
		requested, for any of a firm's comments that identify factually
		inaccurate statements in the draft that the Board corrects in the final
		report.
		
		Pursuant to
		section 104(f) of the Act and PCAOB Rule 4007(b), the Firm's response,
		minus any portion granted confidential treatment, is attached hereto and
		made part of this final inspection report.  In any version of this
		report that the Board makes publicly available, any portions of the
		Firm's response that address nonpublic portions of the report are
		omitted. |  |