NBS 0.00% 9.9¢ nationwide building society.

This is probably the 3rd time I have responded re capital...

  1. 285 Posts.
    This is probably the 3rd time I have responded re capital raising and audit of NBS:

    The capital raised in 2008/9 was immediately passed to the Malaysian subsidiary which became a debtor of the Australian listed company. Probably, they've done the same again with the 2010 capital raising?

    PKF subcontracted the audit of foreign subsidiaries to Asian auditors.

    In 2009 I commenced an NBS thread on HC "don't ignore the intangibles", with an analysis of NBS accounting for intangibles last year, but it didn't attract much interest.
 
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