When auditors quit before their engagement ends, and with unresolved key audit matters, investors can be left in the lurch.
Mirach is also seeking to kick the can down the road for the issue of its second and third-quarter financial statements. Last November, it acquired a stake in an e-commerce and trading firm in China. It has whittled down its exposure to the oil and gas industry to a minority interest in an Indonesian marginal oil field, and has been trying out a diversification strategy since.That context makes it even more crucial for investors to be provided with an audit conclusion - clean or otherwise - on Mirach's FY2019 statement.
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