Audited accounts22 Mar 2023 07:32
Another company having to announce a revised date for results because accountants haven’t finished the job.
Such statements would in the past be interpreted as bad news for shareholders as suspicion of bad stuff being unearthed by accounting firm audit.
Now it seems it’s because they misjudge the time it takes to get audited and signed off.
Considering the fees paid to those outfits and the very limited choice of who you chose to get audited by I think we need the professional bodies to look at censoring firms that don’t deliver what they say and some financial journalists to research the number of times it’s happening.