Koon's auditor does not, and is not required to, express an audit opinion from review of IFI

WE refer to:

(a) Koon Holdings' announcement on Sept 2, 2019 in relation to the disclaimer of conclusion on the interim financial information for the six months ended June 30, 2019, and

(b) the online BT article published on Sept 2, "Koon Holdings auditor flags going concern issue"

Paragraph 4 of the BT report stated that "The disclaimer of conclusion was issued as the auditing firm was not able to obtain assurance it would become aware of all significant matters required. The auditor reviewed the interim financial information - which was 'substantially less in scope' compared with an audit, which would be able to identify all s…