Allied Farmers' auditor refuses to give opinion on accounts, questions future viability

Sun, 07 Oct 2012

By Paul McBeth Oct. 8 (BusinessDesk) - Auditors for Allied Farmers, which failed to turn itself into a major lender when it took on the Hanover and United Finance loan books, have refused to give an opinion on its books after questioning the validity of its forward cash flows. The accounting firm PWC's audit of Allied Farmer's 2012 financial statements include the little-used 'Disclaimer of Opinion', where the auditor declines to express an opinion. It said it was "unable to obtain sufficient audit evidence" that the group will generate eno...

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