10h 45min, jan 23, 2025 y - B.Braun Key WP Review

Description:

Medical is Ken
Avitum is Hiren
Sterilog is Irum

Avitum sold to Medical during the year
Sterilog Birmingham & Yorkshire
Sterilog Birmingham

Braun Medical
- Goods & Services (80:20)
- Goods recognised on Despatch
- Service recognised on Delivery of service
- Key risks Revenue, Overide, DB Scheme
- Purchase of Avitum rise of Goodwill
- Controls reliance on Sales Goods
- Sample size 30 on TOC
- Cut-off split sample on 80:20 to include Goods post y/end
- Journals testing needs better documentation of work
- Substantive on Service
- Agreed to signed timesheet
- DB scheme; ownership confirmation
- Debtors confirm 7/19
- Inventories ageing profile to do
- AR tab absent; put on each work paper eg. stock turnover etc. etc.
-Purchases TOC
- Opex; payroll rec no issues, no charting review
- Legal confirms, Tax Confirms
- MLP's returned from client
- No SUAD

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