11h 8min, jan 24, 2025 y - Geistlich Key WP Review

Description:

Goods only
Medical equipment
£6.8m turnover
Substantive all areas
Revenue recognition triggered once goods are delivered but work paper based on despatch
Two DB schemes
- only 1 recognised in IFRS, both recognised in FRS 102
DB scheme tested assumptions and existence
Contracted out industry-wide legal issue known as "Section 37 contracted-out" - has been considered by Actuary
DB scheme buy-out adjusting event query; client confirmed in writing that nothing actively done just considered therefore disclosure
Planning signed off today
Some WP's signed off
No FK and UI review footprint

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