9h 25min, feb 3, 2025 y - Mann+Hummel UK Key WP Review

Description:

Revenue £69m
Mann Filters sold to large after-market motor factors such as GSF, Euro Car Parts, Parts Alliance Group, Intercompany
Goods only (traded & manufactured 85:15)
Manufacturing from Chard plant, distribution from Wolverhampton
Sig risks- Revenue recognition, management override
Controls & substantive for Sales
Purchases controls only
Sales
- incoterms considered
- manufacturing walkthrough didn't consider o/h or labour absorption
- controls test; does system work or R&P making it work? need error messages
Journals
- very poor work
- debit entries and volume not looked at
---------stopped review---------

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