Topic wise KAMs extracted from Annual Reports of Oil & Gas / Minerals Exploration & Production Companies of other Jurisdictions where the model similar to the new Auditors Report has already been adopted is given as follows:
- Closure and rehabilitation provisions
- Asset valuation
- Taxation
- Complex accounting judgements and disclosures
- Classification of financial instruments
- Credit and performance risk
- Fair value measurement within the marketing operations
- Impairments
- Taxation
- Revenue recognition
- Capital preservation / Debt reduction plans