Vibrant Group auditor issues disclaimer of opinion for FY2019
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Singapore
THE independent auditor for logistics player Vibrant Group has issued a disclaimer of opinion on the company's financial statements for FY2019. The reason, KPMG explained, is that it had not been able to obtain sufficient and appropriate audit evidence to provide an opinion on these statements.
Among other things, KPMG flagged irregularities and discrepancies relating to certain invoices and receipts during its audit of Blackgold Group for the financial year ended April 30, 2018. Blackgold is a Chinese coal miner owned by Vibrant.
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