2. Automobile

Topic wise KAMs extracted from Annual Reports of Automobile Companies of other Jurisdictions where the model similar to the new Auditors Report has already been adopted is given as follows:

  1. EU antitrust settlement – risk for losses from private damages claims from customers and other third parties
  2. Credit loss risks in China
  3. Revenue recognition
  4. Valuation of goodwill and other non-current assets with indefinite useful lives
  5. Income taxes – recoverability of deferred tax assets
  6. Provisions for product warranties and recall campaigns