So the Directors have declared they are a going concern and able...

So the Directors have declared they are a going concern and able to meet their debts when they fall due. The auditors aren't so sure and are unable to make an opinion.

But FAS is late and in default of paying a $100,000 loan principal with $50,000 interest.

So how can the Directors make a going concern declaration without ASIC maybe waking up, brushing the dust off the telephones and making a few calls ?