The Board of Directors of STARAMBA SE today received notification from the auditor, BDO AG Wirtschaftsprüfungsgesellschaft, that the auditor has issued an adverse opinion on the annual financial statements and management report for 2017.
According to the auditor, it is not possible to assess whether adjustments were necessary with regard to the reported sales revenues and trade receivables including the associated information, as the legal representatives are not supposed to have provided the explanations and evidence required for the audit of the realization of sales and the level of receivables. Due to the significance of the audit obstacle described above, no auditor’s opinion was granted.
The Board of Directors does not share the auditor’s assessment. The Board of Directors will decide on the further procedure for the adoption and approval of the annual financial statements and management report for 2017 when BDO issues the adverse opinion.
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