Embarrasing for management! I agree. Many failures in their...

Embarrasing for management! I agree.

Many failures in their inventory records, and they admit: we stuffed up, the accounts are wrong, but trust us, it is only by a small amount.

There is a reason that accounts are audited, but here they are happy to release results which failed the audit test.

Audited accounts are not due until 2 months time, that allows time for companies to enter discussions with auditors, adjust their accounts for any issues and get the accounts signed off.
It seems here they prefer to release accounts which fail the audit test.

Preliminary results, unaudited, are due by the end of next week, however they rushed to release results without any notes or commentary last week.

Still no commentary about failing to meet guidance,
no commentary about poor 4th quarter results,

Management needs to lift their game!