Describe the engagement:
- Date of appointment of the statutory auditor: 11/10/2014
- Date of next renewal (date of last period of current audit mandate): 12/31/2013
- Nature of the engagement (for instance legal audit):
- We are required to provide a group reporting package to an external auditor
- Listed company: NO 作者: Greycat 时间: 2014-11-18 10:21:25
Nature of the engagement (for instance legal audit):
- We are required to provide a group reporting package to an external auditor
- Listed company: NO作者: Greycat 时间: 2014-11-18 10:22:35
Nature of the engagement (for instance legal audit):
- We are required to provide a group reporting package to an external auditor
- Listed company: NO作者: Greycat 时间: 2014-11-18 10:25:41
Nature of the engagement (for instance legal audit):
- We are required to provide a group reporting package to an external auditor
- Listed company: NO作者: Greycat 时间: 2014-11-18 10:25:52
Nature of the engagement (for instance legal audit):
- We are required to provide a group reporting package to an external auditor
- Listed company: NO作者: Greycat 时间: 2014-11-18 10:26:19
Nature of the engagement (for instance legal audit):
- We are required to provide a group reporting package to an external auditor
- Listed company: NO作者: Greycat 时间: 2014-11-18 10:36:08
- 作者: Greycat 时间: 2014-11-18 10:36:25
- 作者: Greycat 时间: 2014-11-18 10:36:37
- 作者: Greycat 时间: 2014-11-18 10:43:31
- 作者: Greycat 时间: 2014-11-18 10:43:47
- 作者: Greycat 时间: 2014-11-18 10:44:38
- 作者: Greycat 时间: 2014-11-18 10:47:32
- 作者: Greycat 时间: 2014-11-18 10:47:44
- 作者: Greycat 时间: 2014-11-18 10:55:07
Cut-off issue:
We performed cut-off tests at the year-end of 2013. We traced the client acceptance notes, GDN, invoices and contracts to the sales sub ledger for December of 2013. We identified one specific transaction representing MRMB 12.6 of sales (net impact on net profit of MRMB 2.3) which has been recorded in December 2013, but where related goods were physically delivered to the client (and JV partner) BGP on 6 January 2014. Management explained that BGP has postponed the goods delivery initially planned in 2013 to 2014 due to quality assurance concerns for outsourced spare parts purchased by BGP directly which the Company helped pack together with its own products for delivery to ultimate client based overseas.
After discussion between the Company and BGP regarding these spare parts, BGP inspected the whole shipment again and sealed the corresponding containers on 20 December 2013 at the Company’s premises. The logistics company picked up the containers on 6 January 2014 only. After reviewing the inspection note signed by BGP on 20 December 2013, we accepted management’s position to record this transaction as a 2013 sale. 作者: Greycat 时间: 2014-11-18 11:02:21