AB1 abarta resources limited

If Animoca finally get around to publishing audited accounts,...

  1. 365 Posts.
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    If Animoca finally get around to publishing audited accounts, we'd have a comprehensive picture of the cumulative value of the myriad of investments! Even if an analyst were covering this stock, it would be very difficult to decipher.

    I know that some on here are under the impression that the delay in finalising the accounts is due to travel restrictions, but there is no actual need or requirement for the auditors to visit the premises of the company being audited. The job of the auditor is to reconcile the accounts, which is much less invasive than some appreciate (and hence why fraudulent activity can go undetected for many years*).

    I'm sure that many of here get their SMSF accounts audited without ever having a face-to-face with their auditor. It is the same process for a company, albeit on a bigger scale. Thus, logic would suggest that the issue lies with the accounts themselves, although ascertaining the scope and severity of the issue(s) without any update from Animoca would be pure conjecture.

    *I am not suggesting that Animoca is a fraud, but merely pointing out that fraud goes undetected by auditors.
 
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