Does the ASX have any option but fight in court?, page-122

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aniesbaswedan

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28/12/20

03:51

Post #: 49829404
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Originally posted by Khakisuit: ↑

I have to appreciate though that you're not an auditor clearly so I'll explain it in another way.

GT find an unsigned certificate of completion that ISX asserts is evidence that work was performed. GT is merely interested in determining whether in reality the work was undertaken and completed within the time-frame management asserts the work was finished. GT obviously sees the error in the certificate. What GT will ask themselves is, was the work done? How can we determine this. Was it finished, how can we determine this? If they can find other ways of answering those questions, that is all they need to do. If not, then GT will issue a disclaimer of opinion highlighting that this aspect of the financial report could not be completed to the satisfaction of GT.

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Okay, I will also ask you another way.

If GT had used the unsigned certificates of practical completion as the sole proof that all the works have been completed, would that be acceptable?

Yes or no?

Last edited by aniesbaswedan: 28/12/20

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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Does the ASX have any option but fight in court?, page-122

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