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CIP: Explanation for the qualified opinion for the financial statement of 2017

Apr 24th at 16:53
24-04-2018 16:53:31+07:00

CIP: Explanation for the qualified opinion for the financial statement of 2017

 

On 17/04/2018, Construction and Industrial Production Joint Stock Company explained the qualified opinion for the financial statement of 2017 as follows:
Contents:
  1. The qualified opinion for not compared enough balance of payables and receivables as at 31/12/2017, the Company explained as follows:
Construction and Industrial Production Joint Stock Company had major business lines such as installation, basic construction…. Because of characteristics of construction industry, the constructions of the Company were located many places around the country, so the Company had many difficulties in comparing debts. Some customers of the Company sent the comparison letter on debts but not sign because they were fear of paying. Some customers of the Company sent the comparison letter on debts but until the auditing time and the issuing time of the financial statement, the Company didn’t collect enough.
  1. Send the audited financial statement of 2017
  • The Company sent the audited financial statement of 2017 to State Securities Commission of Vietnam following the regulations of law.

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