SP1 0.00% $1.07 southern cross payments ltd

Ann: Annual Report to shareholders, page-38

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  1. 331 Posts.
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    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.
 
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