Wednesday 30 November 2016

INIX: why no audited accounts of its associate?

INIX announced that its audited accounts are qualified, the reason given by the auditor:



I can come up with several scenario's why the audited financial stataments were not made available, each with its own degree of how serious the impact would be for INIX.

But why do we have to guess which scenario is the one, why does INIX not simply provide the proper reason for the above?

Surely minority investors deserve to know, this seems to me to be material information.

Posted by at
Labels: ,

2 comments:

  1. amingie30 November 2016 at 18:43

    what would be the impact?? share price will go down?

    ReplyDelete
  2. M.A. Wind30 November 2016 at 19:05

    qualified accounts is always a big red flag, every company wants a clean audit report

    ReplyDelete

Subscribe to: Post Comments (Atom)