AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN : QUALIFIED OPINION
MULTI-USAGE HOLDINGS BERHAD |
Type | Announcement |
Subject | AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN QUALIFIED OPINION |
Description | MULTI-USAGE HOLDINGS BERHAD - QUALIFIED OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2023 |
Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Multi-Usage Holdings Berhad (“MUH” or “the Company”) wishes to announce that the Company’s External Auditors, Messrs. UHY had expressed the following qualified opinion in the Independent Auditors’ Report for the financial year ended 30 June 2023.
"Qualified Opinion
Basis for Qualified Opinion
On 24 October 2017, the Auditors' Report on the Financial Statements of the Group and of the Company for the financial period ended 30 June 2017 was issued. The said report contains a qualified opinion by the Company's predecessor auditors, Messrs. Baker Tilly Monteiro Heng as detailed in Note 32.
We are unable to obtain sufficient appropriate audit evidence to determine the nature and extent of relationship that may exist between the Company and its Relevant Subsidiary Companies and the Special Purpose Vehicle ("SPV") by virtue of the said transactions and the debt restructuring exercises. Consequently, we were unable to determine whether the Company had control over the SPV; and the completeness of the comparative disclosures relating to the related party transactions between the Group and the SPV.
D. ALL KEY AUDIT MATTERS DISCLOSED IN THE EXTERNAL AUDITORS’ REPORT
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Please refer attachment below.
Announcement Info
Company Name | MULTI-USAGE HOLDINGS BERHAD |
Stock Name | MUH |
Date Announced | 23 Oct 2023 |
Category | General Announcement for PLC |
Reference Number | GA1-23102023-00044 |