Hi Littlecorn,
you made the comment "Secondly, I presume the auditor has no means to audit its inventory in Brazil, and couldn't see anywhere about disclaimer the risk of the ever large inventory carried by the company was not fully audited."Not sure why you would be comfortable making presumptions or assumptions about auditors...
You are showing a breathtaking lack of knowledge about how big auditing firms work. Do you really think a Sydney based Deloitte partner would take the risk of signing an auditing opinion with no knowledge about inventory and no disclosures?????
The below complex search, which required typing both the terms "Deloitte" and "Brazil" into Google yielded the following...Deloitte Brazil | Audit, Consulting, Financial Advisory ...
With a history of over 100 years in Brazil, Deloitte has been recognized for its integrity, quality and service excellence with national and international awards.
Further Deloitte has 12 offices in Brazil, including one in Sao Paulo, coincidentally where the SDI Brazil office is.
Perhaps you would like to retract your assumption?
Cheers.
Cuppa
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