Hi All
Key issue
MFS's 2007 Annual Report claimed the company had net assets of $1.53 billion. KPMG found that the financial statements provided a "true and fair view of the company's … financial position as at June 3, 2007".
This is what I relied upon when I put over $34K into MFS
I hope KPMG get seriously dealt with in Court and have to pay massive compensation. It's the only way Investors can have any faith in Auditors if we know they will tell the whole truth about the state of a company and that if they don't they will be forced to pay massive costly compensation when they either (1) don't investigate property the true state of the company or (2) undertake a low quality audit to state what the Directors want them to state.
Really upset
Phil
OCV
octaviar limited
