Even if the auditor's give RFFs accounts the OK, isn't it inconclusive in terms of dispelling allegations of misconduct? Blue Sky's auditors gave its accounts the OK, and things didn't turn out well for Blue Sky. I think in Blue Sky's case, part of the problem was that management was valuing its assets way higher than what they were worth in reality (apparently the accounting rules allow this). Couldn't this turn out to be the case with RFF, even if PwC and EY both say its accounts are legitimate?
Ann: Response to Bonitas Research report, page-107
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