Newzdaddy Business Updates
Deloitte Steps Down as APSEZ Auditor
In a recent development, Deloitte, the company responsible for checking APSEZ’s financial records, has decided to stop doing this job. This means Deloitte will no longer be the one checking if APSEZ’s financial information is correct.
Why Did Deloitte Decide to Stop?
Deloitte had some concerns about their role as auditors. They wanted to look at the financial records of other companies related to Adani, the company that owns APSEZ. However, the people who make decisions at APSEZ said that this was not part of their job. They explained that each company in the Adani group is separate and has its own people making decisions.
APSEZ Finds a New Auditor
Because Deloitte and APSEZ could not agree on this, they decided to end their working relationship. APSEZ then found a new company, MSKA & Associates, to be their auditors. This new company will now be responsible for checking APSEZ’s financial information.
Deloitte Confirms They Got All the Information
Before leaving, Deloitte made sure to say that they received all the necessary information from APSEZ’s management. This means they got all the papers and documents they needed to do their job.
What About the Financial Problems?
Some issues related to money were mentioned when Deloitte left. APSEZ wants everyone to know that they have talked about these problems in their financial report for the year 2023. They believe that by the time they share their financial report for September 2023, these problems will be solved.
Deloitte used to be the ones checking APSEZ’s financial information, but they stopped because they wanted to do more than what APSEZ thought they should. So, APSEZ found a new company, MSKA & Associates, to do this job. Deloitte said they got all the papers they needed from APSEZ before leaving. APSEZ believes they will solve their money problems by the time they share their financial report in September 2023.
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