Business
Freedom Foods reveals $591.5m cost of accounting scandal – The Australian Financial Review
External auditor Deloitte says it found significant deficiencies in the fast-growing company’s accounts as the troubled manufacturer revealed a near $175 million…
Mr Gunner tried to reassure shareholders, saying he was “deeply disappointed” about the results, but once they had identified the accounting matters the board acted quickly.
“It’s been a very exhaustive process which is why we are going right up to the deadline,” he said. “We have turned over every stone, and we have turned over every pebble and we have turned over every grain of sand.”
Besides the previously flagged $60.1 million in out of date inventory, the most significant item in the write-down…
-
Noosa News12 hours agoConsolidated Pastoral Company buys Beetaloo aggregation in historic deal worth more than $300m
-
General14 hours agoAustralian luger Alex Ferlazzo makes stunning recovery during run after falling off his sled
-
Business24 hours agoWhat Warren Buffett’s latest portfolio moves say about the market
-
Business18 hours agoCounter drone company surges past $1 billion valuation with new contract win