Takeover Target?, page-63

Joshua the amount has been mentioned. A partial assessment followingba tax audit for 2017 has resulted in a revision of revenue from usd 92.6 million to 146.9 million. There has been no explanation. Both set of accounts were disclosed in stock exchanges by 2 MAJOR companies (Anglogold Ashanti and Barrick Gold). Hence as it was a joint venture, the accounts would have been verified by both parties before public disclosure on disalloweds. So there are 2 possibilities:
1. A clerical error on behalf of the Mai tax authority - either incorrect gold sale volume or price input.
2. A claim of sales numbers or prices being under-declared - tax evasion.

As there was no explanation, the next step is to meet with the mali tax authority to determine the reason for the revision to determine whether it is due to pint 1 or point 2. Point 2 is a possibility as tax evasion is common in corrupted nations. However this would place the onus on Barrick and Anglogold Ashanti to resolve this issue.

people have been extremely critical of ffx for poor dd. HOWEVER, remember this, 2 sets of accounts were done by 2 separate entities which were disclosed in the public domain. These 2 companies would have major issues with disclosure requirements.