I think the Auditors were asked to resign so that a big brand name could be brought in to sign off the accounts going forward Brand names are for prestige purposes This helps in partnering arrangements ,use of an international network and are good for the money markets But Resap will pay large audit fees and large fees for other services for the privilege Auditors usually do not voluntary resign and they need to convince ASIC that they are not resigning because of anything untoward that they have not disclosed in the last audit report Conversely Brand name firms do not want to get embroiled in bad publicity
RAP Price at posting:
9.1¢ Sentiment: Sell Disclosure: Held
