I'm wondering if it comes down to 'proof' of the assets and...

I'm wondering if it comes down to 'proof' of the assets and insufficient record keeping.

The tax audit discovered irregular book keeping according to the disclosure. RAN says all good, this was just a typo error. Therefore the IDO has asked for proof.

I.e show has the asset register prior to write offs, then again after write offs. Then we will physically sight the assets and confirm the error.

However, this exercise may not be able to be achieved because of the level of detail of the asset register prior to the write down.

The onus of proof is probably on RAN to provide evidence. Which it has struggled to do based on the IDO claim. Everything else around this determination may just be noise to the fact.

In the meantime, the on market disclosures seem to be going around in circles. The market regulators have been very patient to date.