'Qualified' opinion on Magnus Energy's accounts
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
LEGAL wrangling over the ownership of a subsidiary has made it difficult for the auditors of Magnus Energy to determine the accuracy of certain parts of its financial statements.
This has led auditing firm Moore Stephens to give a "qualified" opinion on Magnus Energy's accounts for a second year, though it adds that the rest of the group's financial statements and balance sheets for the financial year ended June 30, 2014, are properly drawn up.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
