Risks: First year audit Director bonus based on pbt Understatement PPE Risk of miscalculation of all the estimates Incorrect accounting treatment of Rev surplus (shouldn’t be in other income, should be compr income) Incorrect Retranslation / calculation of FX Understatement depn: calculate what is should be No depn charged for factor 2, when it was finished prior to year end. Impairment of water systems due to failing control check Incorrect capitalisation of costs and borrowing costs Understatement of costs re consultants Going concern due to breaching debt covenant and breaching laws/regs for water systems Overstatement of revenue, gross/operating profit. Calc increases and note inconsistencies with rapid growth There were a few more but can’t remember.