The cash and cash equivalents is $48,809k, while the interest received in the cash flow statement is only $370K, therefore the interest rate they got is 0.75%. Current CBA interest rate is 2%. Is there anything wrong?
IDP may cheat in auditing. Before auditing, they transferred all 48m into the bank account for auditing. After the auditing, the money was transferred out. This is just my guess. Pls do your own research.
potential financial statement cheating
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