stupid, gullible, or both ;-), page-21

Corporate ... no I'm not an auditor by trade. Yes I have some appreciation of how audits might be conducted. I've worked in finance for quite a while, been the indirect subject of audit, and at times been part of internal audit of our own processes ... and am aware that an audit is not a tick and flick process but if done correctly would be tailored to the entity involved and information found.

And yes, what I wrote was more than an over simplification. My not so well stated intent was that the market was more interested in the fact that the debtors were not cash.

You are not right, however, that the audit would require "receipt of cash subsequent to balance date" to sign off on the debtors. That too is wrong and oversimplifies it as much as I did.

However, I've moved on from the debtor issue. As per my more recent posts I can appreciate the company's stance on not providing an update and am more than content that there is every expectation the money either has been or will be collected. I don't expect any real confirmation prior to the half yearly, although if they do it would be both welcome and a backtrack from statements re this.

MJS