without prejudice, page-49

Accounts from companies that do not use Australian Standard of accounting need to be reconciled.

Imo CVI should have had all the necessary paperwork to their auditor in time to have had that reconciliation completed BEFORE our annual report was due.

At the EGM, end of January, Smyth told us he expected the Fortitude audit to be completed in February. I see no excuse for the delays in providing the paperwork, but of course, nothing is ever as easy as it seems.

All that (still imo) is a smoke and mirrors cover for hte bigger issues, that the auditor doesn't necessarily chase.
That is WHY........
Auditor only needs to chase the conformity and legitimacy of transactions and ensure accuracy. The auditors job is not to question WHY some of these proposterous transactions have taken place.

That is why there was a shareholders group - to validly question some of the obvious problems.

Of course, when you work with the people that CVI do, it's easy to knock the little guy out with numbers, but at least we have the satisfaction of knowing we had 85% support from the REAL shareholders at the time.

Now it is time for everyone ELSE to be questioning WHY has more money gone to Fortitude as a furphy looking loan?

Why won't CVI keep money in THEIR account?

Don't let Smyth sidetrack you with minor issues such as reconciling accounts. He will always evade the bigger issues.