Auditors13 Aug 2025 13:11
Much hysteria here today over a very very basic issue.
We know how incompetent auditors can be, one only needs to look at Barings under nick leeson and more recently Enron to see that half the time they are out of their depth when it comes to deep dives.
The facts are that on the 8th May this year, there was a merger between 2 audit firms, given the above, its likley this new audit firm didn't ask any questions about current clients, they simply aren't that bothered, only at the 11th hour when ready for sign off, have they said oh wait, we are crypto adverse, so we can't complete this. Hence nothing to do with GST, more audit incompetence IMO , not knowing their clients and pulling out at the last minute ( but with a positive statement), there really is nothing to see here.