Auditors qualify opinion of Veritas accounts on value of Nosh food markets

Tue, 20 Sep 2016

By Edwin Mitson Sept. 20 (BusinessDesk) - The auditors of Veritas Investments, the NZX-listed owner of the Mad Butcher franchise and Nosh Food Market outlets, have qualified their opinion on its financial accounts for the year ended June 30. PwC says Veritas's investment in the Nosh food supermarkets is carried at $4.6 million in the consolidated statement of financial position, but, "we were unable to obtain sufficient appropriate audit evidence to support the carrying amount of that operating unit." Veritas's directors justified the...

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