I'm not saying its positive, just understandable that GT won't release their audit papers given the increased scrutiny of an investigation.
I was at a big 4 in financial services audit for 4 years focussed on FTSE 100 insurance companies I.e. much bigger than ISX and you'd be surprised if you looked at some of the working papers. I remember the day before the audit clearance meeting, we suddenly realised a US$500m investment hadn't been verified as part of the bank confirmation process. audit partner still had the meeting with the client and we subsequently got the confirmation. I never put faith in an audit opinion.
is ISX clean, probably a few issues but I just understand why GT won't share the audit papers.
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held