On the subject of expenses does anyone know what we spent $456,136 on? It’s the total of ‘other expenses’. It’s not travel because that was a paltry $72,949. It wasn’t livestock because that was a poultry $208,823 (chicken feed). Mr Stroud’s defence that the company has been independently audited is not good enough. It is a minimum requirement and the least we expect. It is the auditors’ responsibility to assess the accuracy of the financial report. They consider internal control relevant to the entity’s preparation of the said report and risk factors pertaining to possible fraudulent or incompetent presentations but they do not express an opinion one way or the other on the effectiveness of the entity’s internal control itself.
I don't understand why when the ASX is grilling us over our ability to meet our expenses that we're paying the ever dwindling board fat cat bonuses.
WAL Price at posting:
14.0¢ Sentiment: None Disclosure: Held