RE: Audit Matters at THG18 May 2023 07:45
“In its key observations communicated to the audit committee, EY identified “a reclassification for discounts amounting to £17m” that was corrected by management, said it did not identify any other material misstatements in the revenue, and was “satisfied that the disclosures appropriately describe the classification of revenue and are also in compliance with IFRS 15.”