Bonatas states on P11 of 30 page report that Auditors PWC audited RFF, SHV, RFM and failed to catch Fraud.They want PWC to be included in an ASIC investigation as to why "(a) PWC partners are inept and incapable of catching fraud within a network of PWC audited companies or (b) the PWC partners in the audit are complicit and received compensation from the fraudulent scheme (we suggest start with a review of RFM payments to suppliers)
So in a nut shell they are saying the audited accounts are part of the fraud.
So if they have the audit work independently reviewed by EY this should lay to rest those claims.
Pretty sensational accusation towards PWC and its staff as always DYOR
Ann: Response to Bonitas Research report, page-14
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