4. Building Materials Manufacturers (Cement and Steel)

Topic wise KAMs extracted from Annual Reports of Building Materials Manufacturers (Cement and Steel) Companies of other Jurisdictions where the model similar to the new Auditors Report has already been adopted is given as follows:

  1. Finalization of provisional accounting for the LH assets
  2. Assessment of the carrying value of goodwill
  3. Assessment of the carrying value of Property, Plant and Equipment (‘PP&E’) and financial assets
  4. Revenue recognition for construction contracts
  5. Completeness of supplier rebates
  6. Goodwill and intangible asset carrying values
  7. Inventory valuation
  8. Goodwill
  9. Environmental obligations
  10. Valuation of inventory