You guys have to be kidding me right? A company's auditor is...

You guys have to be kidding me right?

A company's auditor is very important. If the auditor lacks experience certain aspects of the accounts can end up incorrect and profit mistated - I can state numerous examples if you like. I would much rather pay an extra $50k to have the accounts audited by someone like KPMG, PKF etc. It's hardly a large amount of money.

Yes the auditor is qualified, but it does not mean they have the resources to ensure the accounts are 100% correct. Company's do not always get their accounts right, as they are not masters of Australian Accounting Standards - that's what the auditor also helps with.

IMO I don't beleive they have told the market everything about the 50% CIA acquisition - who in their right mind would sell for 0.6 x profit?! No one, that's who. Fair value is fair value and that is not a fair value acquisition.

s2096914 you can't be serious mate, CIA is predicted to do NPAT of $15m this year. If they only achieve the forecast they released, then they have stuffed it up big time, as they have added $7.5 of NPAT to their bottom line!! How is that being conservative?

Don't forget I'm a shareholder, so you can dismiss my comments all you like :)