So true, if the company announced the CEO had embezzled $100m...

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Maverick1975

2,238 Posts.

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30/01/18

11:14

Post #: 30656713
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Originally posted by PreliminaryP ↑

I wanted to stay out of these threads. But some some of the response to PwC is bordering on the absurd.

As someone who has worked for a big 4 and knows how carefully they are engaged and what services they will provide, I can tell you with 100% certainty,
PWC will not
- comment on the underlying business
- comment on previous or future announcements
- audit or comment on any future looking statements. The bid 4 audit firms never, ever comment on claims of future revenue or events, they only audit historical information.

You will not see a single comment in the press or on a market release saying PWC have reviewed and are comfortable with anything relating to GSW. The only comment you will ever see is "PWC was engaged to assist GSW with the listing requirements of the ASX".

PWC was not engaged to help GSW. The ASX have told GSW that their first reply was so comical and unprepared that they needed to engage someone that knows what they are doing.

PWC will,
- Explain materiality
- Explain in detail the listing requirements
- Guide management in the adequacy of their responses.

If you seriously think this event gives GSW creditability in the market, you don't know the market very well.

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So true, if the company announced the CEO had embezzled $100m the bulls would find some reason why that's bullish! All those directors and all those supposed gurus in the Advisory Board and after 7 days of sitting round a table staring at each other they have concluded things are such a mess we need PWC to tell us what our responsibilities are as Direcotes of a public company. The pressure for Board changes just stepped up a notch it seems and Fidelity sphincter must be tightening

GSW Price at posting: $2.92 Sentiment: None Disclosure: Not Held
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So true, if the company announced the CEO had embezzled $100m...

Top Stories

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Climate change to drive market trends to the moon

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

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Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

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