Topic wise KAMs extracted from Annual Reports of Engineering Companies of other Jurisdictions where the model similar to the new Auditors Report has already been adopted is given as follows:
- Defined benefit pension plan liabilities
- Goodwill impairment assessment
- Contract accounting and revenue recognition
- Assessment of the carrying value of goodwill and other relevant assets
- Recoverability of material contract related assets
- Revenue recognition
- Presentation and disclosure of non-trading items
- Assumptions made in determining pension liabilities