21h 5min, jan 29, 2025 y - Forbo Flooring Key WP Review

Description:

Goods only no service
local FRS 101
PM is £933k local
Audited to local materiality
Controls on GP level
sales - No record of incoterms, VAT, line items no reference to satisfactory or not
Client not happy with Geetu who is leaving
Fairouz (subcon) quality not great; working papers not on CW file. HM confirmed she has reviewed the wp's
purchases - crosses on line items, no additional samples or comments
Manager review footprint on file but very brief and told not the latest version; to find?
Journals testing - very poor, no summaries, Tab 9 red flags not investigated. rubbish! Needs to be redone.
No consideration of section 37 DB scheme effects; to ask client
Accruals/provisions; not on file with Firouz HM confirmed reviewed etc.
No tax issues calc is fine, legal not received
IC confirms, Bank confirms fine, debtors confirms all received
No significant issues on recoverability

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