part auditors report

Here is part of the AWS auditors report of 27 April 2007

So I guess they might really be placed in voluntary admin (*&%##)

I also note that in the AWS report of 30/4/07 AWS said they had access to ample funds

Whilst undertaking fieldwork for the 31 December 2006 half-year review, we became aware of
the existence of a number of material variances between the Consolidated Entity’s perpetual
inventory records and its physical inventory at 30 June 2006. The existence of these
variances was withheld from us and we were presented with falsified inventory records that
did not disclose the true extent of the variances, during the performance of the 30 June 2006
audit.
As disclosed in Note 9 to the financial report, management has estimated a prior period error
amounting to $939,127 in relation to this falsification. Management has not performed
physical inventory stock-takes since 30 June 2006 and plans to undertake a full independent
stock-take during May 2007. The results of this stock-take may give rise to additional
inventory write-downs.
We have therefore been unable to apply acceptable audit procedures