""The Directors will not be able to sign the Financial Statements for the year ended 30 June 2016 as a going concern until this approval is received.""
The "GOING CONCERN", is the part that worries me a little. A bit like the ""Pandora Box"" affair if you ask me. Especially when that was for the last year of income and not the current one.
Buddy, The going concern statement that they are signing off on is forward looking not the past. Whilst the financials reflect the 2015/16 FY the going concern statement is for the 2016/17 fy. Funding will address the going concern statement hence the suspension until such time that CDU management can announce some sort of funding or financial arrangement that see's them into the 2016/17 fy.
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