administrator says abc learning owes $1.6bn, page-4

me too do not understand how 1.6b debt came about.
Originally ABS was suspended because of disputed accounting system and auditing. Then they engaged,I believe,Ernest & Young. We never got their findings.

Last month October 2008 they were willing to spend 70m to acquire 123 careers business. How?

I want to know who will give us actual accounts reports by E&Y, for the accounting period 2007 and 2008, for which they were engaged.