Adverse opinion on OCI’s FY10 financial statement


PETALING JAYA: The auditors of adhesive and sealant manufacturer OCI Bhd, which has been classified under Practice Note 17 since Nov 6, 2006, have given an adverse opinion on the company's financial year ended June 30, 2010 (FY10) financial statement due to the lack of accounting records.

The auditors said they were unable to obtain sufficient appropriate audit evidence in relation to the balances of trade and other payables and borrowings as at FY10 and FY09 due to the lack of documentary evidence available.

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