Stock & Analyst Updates | |
Stock & Analyst Updates | |
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Tuesday, March 05, 2019
02:50PM / NSE
The External Auditors of UACN Property Development Co
Plc (the Company), Ernst & Young, has indicated that a paragraph on
Material Uncertainty Related to Going Concern will be included in its Audit
Opinion on the Company’s 2018 Audited Financial Statements.
In line with Section 8(1)(n) of the Financial
Reporting Council Act No 6 of 2011, Ernst & Young is required to submit a
copy of the 2018 Audited Financial Statements of UACN Property Development
Company Plc together with explanatory memorandum to the Financial Reporting
Council of Nigeria (FRC) for review and the 2018 Audited Financial Statements
cannot be announced to the public until all accounting issues relating to it
are resolved by the FRC.
It is sexpected that the Company will publish its 2018 audited Financial Statements by May 10, 2019.
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