14h 23min, jan 29, 2026 y - Certex Key WP Review

Description:

10+2
Audit to Local
GA comfort? GITC received

Goods of spare parts sale of wires/cables not machines 70% -
Services - inspection and manitenance 30%
Point in time Revenue
PM group £776k local £165k

Incoterms CIP
Revenue on despatch
Intercompanys match
Taiwan bank account
- no confirmation received
- UK employee or Taiwan?
- Permanent Establishment?


Bad debts
- general terms 90 days
- £40k provision in books
- specific items review found no provision necessary
- controls on goods and services
- cut-off correct
- Services actually have customer confirmation direct back to SAP and matched at invoice
- Legal confirm waiting but alternative
- Tax letter no issues
- no complex accruals
- no complex accounting

Added to timeline:

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