AB1 0.00% 18.0¢ abarta resources limited

AB1 Share Price update, page-664

  1. 365 Posts.
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    You seem to be under the impression that every single crypto company is unable to comply with Australian Accounting Standards and, thus, unable to lodge audited accounts!

    Animoca simply need to follow the lead of all the other Australian companies that are involved in crypto. Some of these are listed (e.g. DCC) and many are unlisted (e.g. Immutable).

    It is the company's responsibility to prepare accounts and have their financial material in order. When this is the case, auditors are able to do their job and check that everything is in order. Four months is ample time to complete an audit, IF there are no irregularities.

    If Animoca's accounts are not in order, then an auditor is not able to sign-off. There is nothing specific to crypto that prohibits a company from lodging their accounts. This is why Animoca has always maintained that they are working with their auditor to finalise them "soon".
 
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