Westpac has now sacked its auditors, I wonder how much those provisions will go up and whether the next set of accounts will be qualified. The regulators should get in quick while it is still issuing a dividend.
A qualified audit opinion in Australia could cause a significant collapse in the SP, say 20%.
Might cause the shares to be suspended from trading.
WBC Price at posting:
$21.60 Sentiment: Buy Disclosure: Not Held
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