In my opinion the auditors should have made BUD write off more of Lifx last financial year. When the AR was released BUD's management and the auditors should have know that BUD was well behind their forecast of 70% revenue growth for FY22.
From the FY21 AR:
- Forums
- ASX - By Stock
- BUD
- Ann: Non Cash Impairment
Ann: Non Cash Impairment, page-20
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