Topic wise KAMs extracted from Annual Reports of FMCG Companies (including Beverages) of other Jurisdictions where the model similar to the new Auditors Report has already been adopted is given as follows:
- Supplier rebate and discounts
- Taxation
- Revenue recognition
- Indirect tax provisions and contingencies
- Direct tax provisions and contingencies
- Carrying value of goodwill and intangible assets
- Provisions and contingent liabilities
- Taxation matters
- Presentation of exceptional items, including business disposals
- Post employment benefit obligations
- Determining the amount of the group’s retirement benefit obligations
- Determination of the provision for impairment of trade receivables in Severn Trent Water Limited
- Determination of current and deferred tax balances
- Determining the classification of costs between operating expenditure and capital expenditure in Severn Trent Water Limited
- Revenue recognition risk in relation to the estimation of unbilled revenue in Severn Trent Water Limited