SeaDragon auditor PwC tags accounts over factory value

Fri, 30 Jun 2017

By Paul McBeth June 30 (BusinessDesk) - Fish oil supplement maker SeaDragon's annual accounts were tagged by auditor PwC over the value attached to its long-delayed fish oil refinery, which relies on forecast revenue, something the accounting firm couldn't find enough evidence to support. PwC gave a qualified opinion to the accounts over the $12.2 million carrying value SeaDragon's board placed on property, plant and equipment. The accounts show the value of the assets was based on management forecasts for the next five financial years a...

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