HEJ: Explanation for the qualified opinion of auditor in the 2017 financial statement

On 09/04/2018, Vietnam Hydraulic Engineering Consultants Corporation explained the qualified opinion of auditor in the 2017 financial statement as follows:
The qualified opinion in the independent audit report: At the moment of issuing the consolidated financial statement, the Company had not received enough confirmation and comparison documents from customers and suppliers for receivables of VND 17 billion and payables of VND 4.8 billion.
Explanation:
According to regulations, on 31/12/2017, the Company made and sent confirmation and comparison documents to all customers and suppliers. However, due to objective reasons and most of customers are investment project management boards of Ministry of Agriculture and Rural Development and local authorities using capital of the State's budget, so at the moment of auditing, the Company had not receive all confirmation and comparison documents.
With a sense of responsibility, after auditing, the Company had continued to work with customer to complete the confirmation and comparison of liabilities.

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