LQN: Explanation for the Auditor’s Non-Acceptance Opinion on the 2024 Financial Report

The auditing firm indicated that the 2024 financial report does not fully comply with current accounting standards. The main reasons for issuing a non-acceptance opinion include the existence of errors in revenue and expense recognition, as well as a lack of transparency in certain asset and liability items. Additionally, the inadequate improvement of internal management measures results in a higher risk of errors in the financial reporting. The auditing firm has recommended that the company address these issues before achieving acceptance in future financial reports. This not only impacts the company’s reputation but also potentially affects its ability to raise capital and instill investor confidence.

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