15h 13min, feb 6, 2026 y - Sportfive Key WP Review

Description:

Sportfive UK
- perimeter advertising 70%; evidence by recordings of the actual advertising
- non-perimeter 30% which includes commissions for sponsorships etc.
- FRS 102 locally
- Group PM £400k, auditing to local
- Substantive
-10+2

Revenue: perimeter
- total sample 50, haphazard
- advertising contract sold per season
- VAT standard rated, testing o/s
- Vat turnover rec with Sean

Revenue: non-perimeter
- total sample 10, haphazard
- VAT standard rated
- point of delivery of performance obligations not considered; work paper weak
- good selection of items tested

Journals testing
- corroboration required

Test to be done for commission Vs rebate vs kickback/bribe

Sportfive GM
- intangible amortisation SUAD heavily discussed with client
Revenue tested well - back to external event schedule and websites

Added to timeline:

Date: