22h 38min, feb 4, 2025 y - Rochling Key WP Review

Description:

Manufacture industrial products
Goods only
No traded goods
FRS102
Walkthrough of manufacture process - ongoing
Substantive audit
Sales
- Delivery terms on despatch
- vat not checked
Recognise Revenue upon despatch
Journals
- transactions volumes error in Nov. Still open
- bank Vs p&l check supplier payments
- debit transactions good follow up
- prepayments and accruals fine
No DB Pension scheme, no derivatives, SBP
Intangibles
- goodwill; over 15 years on target budgets no formal VIU so MLP für local only
Confirmations
- bank pending
- debtors majority received
- no legal issues
Inventories
- Stocktake; no issues
- no provisions; no testing of 0% items
- WIP ongoing
- git checked subsequent receipt
Payroll
- trivial diff in rec
- s&l fine
Opex
- representative sample extrapolated trivial
- MLP
Other income
- disposal of f/a

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