The Business Times
business-time-50

Vibrant Group auditor issues disclaimer of opinion for FY2019

google-preferred-sourceAdd BT as a preferred source
Published Thu, Aug 15, 2019 · 09:50 PM

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.

vibrant groupKPMG

TRENDING NOW

Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

Those whose employers actively discourage the use of AI at work have the lowest mental health score.

Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More