resignation of Ernst & Young and the consent of PricewaterhouseCoopers (PwC) to its appointment as Sipa’s auditor.
In my opinion it is to do with Balance sheet presentation
Out of $100m exploration expenditure only $581k is capitalized as Exploration assets.
The next year Balance Sheet will show much greater Value of Uganda Exploration Assets.
PCW "Africa Exploration Experience"
Ann: Change in Auditor, page-12
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