Iirc the issue seems to be with PWC and the management assumptions on revenue recognition and also the complexity of integrating acquired add ons.
My guess is the Sorrell knows what he is doing, his assumptions are correct and will win the argument while PWC's staff are trying to follow and catch up their understanding of the complexities involved. I expect a clean bill of health and no revisions and a lot of apologies to SFOR for this non event.
That reads good to me...now ket's have the sale rns soon...11 Apr 2022 07:10
This work has been concluded to enable Wood's FY21 results to be announced on 20 April 2022.
The underlying results for FY21 remain in line with the guidance provided on 13 January 2022 and there is no change to the historical carrying value of the Aegis Poland contract or to the previously communicated year-end exceptional charge of c.$100 million announced in our release of 21 February 2022.