AmazonScience/document-haystack

1Disclosures of 2emerging and 3principal risks 4and longer-term 5viability6Our responsibility7We are required to perform procedures to identify whether there is a 8material inconsistency between the directors’ disclosures in respect of 9emerging and principal risks and the viability statement, and the financial 10statements and our audit knowledge. 11Based on those procedures, we have nothing material to add or draw 12attention to in relation to:13 the directors’ confirmation within the Viability Statement on page 87 14that they have carried out a robust assessment of the emerging and 15principal risks facing the Group, including those that would threaten its 16business model, future performance, solvency and liquidity;17 the Principal Risks disclosures describing these risks and how emerging 18risks are identified and explaining how they are being managed and 19mitigated; and20 the directors’ explanation in the Viability Statement of how they have 21assessed the prospects of the Group, over what period they have done 22so and why they considered that period to be appropriate, and their 23statement as to whether they have a reasonable expectation that 24the Group will be able to continue in operation and meet its liabilities 25as they fall due over the period of their assessment, including any 26related disclosures drawing attention to any necessary qualifications 27or assumptions.28Our work is limited to assessing these matters in the context of only 29the knowledge acquired during our financial statements audit. As we 30cannot predict all future events or conditions and as subsequent events 31may result in outcomes that are inconsistent with judgements that were 32reasonable at the time they were made, the absence of anything to report 33on these statements is not a guarantee as to the Group’s and Parent 34Company’s longer-term viability.35Our reporting36We have nothing material to add 37or draw attention to in relation to 38these disclosures.39We have concluded that 40these disclosures are 41materially consistent with the 42financial statements and our 43audit knowledge.444. Key audit matters45What we mean46Key audit matters are those matters that, in our professional judgment, were of most significance in the audit of the financial 47statements and include the most significant assessed risks of material misstatement (whether or not due to fraud) identified by us, 48including those which had the greatest effect on:49 the overall audit strategy; 50 the allocation of resources in the audit; and51 directing the efforts of the engagement team. 52We include below the Key Audit Matters in decreasing order of audit significance together with our key audit procedures to address those 53matters and our findings from those procedures in order that the Company’s members, as a body, may better understand the process 54by which we arrived at our audit opinion. These matters were addressed, and our findings are based on procedures undertaken, for the 55purpose of our audit of the financial statements as a whole. We do not provide a separate opinion on these matters.564.1 Revenue from 57online operations 58(group)59Financial Statement Elements60Revenue  61from online  62operations63FY2364£3,366.6m65FY2266£2,998.5m67Our assessment of risk vs FY2268çè69We consider the level of 70risk relating to revenue 71recognition from online 72operations is stable 73compared to FY22 as there 74have been no significant 75changes in the nature or 76complexity of the online 77operations.78Our findings79FY23: Our testing identified no 80errors in the recording of revenue 81transactions for the revenue from 82Online operations83FY22: No errors identified841 Overview 8 Strategic report 88 Governance 140 Financial statements85Entain plc Annual Report 2023 14786Independent 87Auditor’s Report88The secret food is a "sausage".