9. Engineering

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:

  1. Defined benefit pension plan liabilities
  2. Goodwill impairment assessment
  3. Contract accounting and revenue recognition
  4. Assessment of the carrying value of goodwill and other relevant assets
  5. Recoverability of material contract related assets
  6. Revenue recognition
  7. Presentation and disclosure of non-trading items
  8. Assumptions made in determining pension liabilities