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FYI [ATTACH] ... Ab's

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abu

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27/08/23

13:36

Post #: 69570844
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Originally posted by GTMGray01 ↑

To be consolidated as a subsidiary the Parent of the Group needs to have effective control of the subsidiary. Evidence to this effect can be provided via Board minutes noting instructions, group asset management plans, funding agreements, etc.
it’s not so easy for the Parent to provide independent evidence that there is no evidence of control. I would have thought that an audit opinion limited in scope should have been issued, further highlighting this concern.

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... Ab's

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
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