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

1. UK supplier funding
2. Impairment of goodwill and other intangible assets
3. Revenue recognition – UK network commissions
4. Inventory provisioning (DIXONS)
5. Property rationalization provisioning
6. IT systems and controls
7. Provisions and contingent liabilities
8. Significant one-off transactions
9. Taxation matters
10. Carrying value of goodwill
11. Revenue recognition – accuracy of revenue recorded given the complexity of systems
12. Significant one-off transactions
13. Capitalization and asset lives
14. Regulatory and other provisions
15. Acquisition accounting for EE Limited under IFRS 3 ‘Business Combinations’
16. Major contracts in BT Global Services and BT Wholesale
17. Accuracy of revenue due to complex billing systems
18. Pension scheme obligations and unquoted investments in the BT pension scheme and the EE pension scheme
19. Capitalization practices and asset lives for property, plant and equipment and software intangible assets
20. Recognition and measurement of uncertain tax positions and potential assets relating to tax losses
21. Assessment of the carrying value of goodwill in BT Global Services
22. Commissions paid to third party dealers