Steinhoff delays publication of audited financial statements | Fin24
Steinhoff announced on Friday that it would delay the publication of its audited financial statements due to the complexity of the accounting and audit work required.
The embattled retailer had hoped to published its delayed group financial statements for 2017 and 2018 in mid-April.newsletter herePwC sent its 3000-page report to Steinhoff leadership on March 15. The multinational had hoped that its external auditors, Deloitte, would be able to incorporate the findings of the PwC report into group finances by mid-April.
"…[D]espite significant efforts being exerted by all parties, it is now clear that the mid-April timeline for completing the group consolidated financial reporting and related audit processes cannot be met." • Group 2017 financial results – 7 May 2019; Steinhoff Investment Holdings Ltd 2017 – 28 June 2019; and
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