THERE was some concern recently when the auditors of at least five listed companies issued qualified audit opinions on these companies’ latest financial statements, while the auditors of another listed company drew attention to the fact that the company’s ability to go on operating was hanging in balance.
All this came out on April 30, the last day for companies with a Dec 31 year-end to submit their 2009 audited accounts to Bursa Malaysia. Under the exchange’s listing rules, a listed company is obliged to immediately announce any qualification in an auditors’ report.