AirAsia audit committee clarifies non-consolidation of associates

Kuala Lumpur

RESPONDING to claims of questionable accounting practices at AirAsia Bhd (AAB), its audit committee on Monday clarified that the budget carrier had sought to put out clearer financial statements to reflect its actual fiscal position but was unable to do so because of aviation rules in areas where its associates operate.

Tackling the issue of non-consolidation of its associate joint-ventur…