SUBSCRIBERS

Best World independent auditor issues disclaimer of opinion

EY unable to obtain sufficient appropriate audit evidence to provide basis for audit opinion on financial statements

Fiona Lam

Published Mon, Jun 8, 2020 · 09:50 PM

Singapore

ERNST & Young (EY) has issued a disclaimer of opinion in relation to Best World International's financial statements for 2018.

The independent auditor's disclaimer of opinion relates to matters disclosed in Note 2.1 to the financial statements that were raised during the independent review conducted by PricewaterhouseCoopers Advisory Services. PwC, as the independent accountant, is looking into Best World's export model and franchise model adopted in China.