practising accountant you listed valid concerns re the China...

practising accountant you listed valid concerns re the China transaction, but missed what I think is an important point which I posted when the final accounts were published; following is copy of my posting 7th Oct:

"..... the Australian auditor may have signed-off on the accounts and clearly performed a considerable volume of work, but the assets and sales are in the Malaysian subsidiary, not in NBS, and a degree of audit reliance would have been on the Malaysian auditor– see p49 ......"

there will be many hoping that the reliance on those auditors did not include validation of the existence of year-end debtors in China!!