Auditor issues qualified opinion on Aziz Pipes' financial statements

Auditor of Aziz Pipes Ltd. has issued a qualified opinion on the company's financial statements for FY'23, stating that the firm does not have proper plans and resources to run the business in future.
According to a filing with the Dhaka Stock Exchange (DSE) on Tuesday, the auditor said the company is currently in a situation where if they sell their entire assets they will be unable to pay their liabilities because its equity is already negative.
According to the financial statement of FY'23, the aggregate loss of the company stood at Tk 515 million while the equity of the company dropped to a negative Tk 141 million.
The auditor said, 'During our verification, we were not produced with the list of assets except for plant and machinery. As such we were unable verify and confirm the items of Property, Plant and Equipment except plant and machinery."
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