17h 53min, jan 29, 2026 y - Phoenix Contact Key WP Review

Description:

10+2
Local materiality
No GA comforts
Controls reliance
sale & distribution of electronic components

Team not great
Journals
-In May there was a large exhibition
Revenue
-recognition; no issues
Inventory
- NRV issue extrapolated £87k
Receivables
- existence/recoverability WP need improving
-no incoterms on cut-off
Intercompany balances agree
Supplier statements not done
Other payables/accruals - FI to review. NI on bonus?
VAT reconciliation £250k difference - FI

Added to timeline:

Date: