12-11-2014, 01:08 PM
(This post was last modified: 12-11-2014, 01:08 PM by valuebuddies.)
(12-11-2014, 12:51 PM)butcher Wrote: Noted from its annual report, their auditors are also RSM Chio Lim which I just saw it the same as TTJ
http://infopub.sgx.com/FileOpen/EuroSpor...leID=21899
Is RSM good?
Chio Lim is one of the top 10 in the world ranking, think just 1 or 2 places below the big 4. The ranking is based on the size of the firm and its associates globally rather than on its quality of works. You seems to be very concerned about the name of auditor perhaps you think the accounts audited by big names are free from errors/mistakes and frauds? The fact is that auditor is only expressing their opinion on whether the accounts are "true and fair" but not to guarantee that it is free from errors/mistakes and frauds.