Originally Posted by
lou
I can't find the article, but I seem to remember Senator Reynolds questioning Pulver and Clyne about the details fothe sale of the Rebels to Cox and of course, for confidentiality reasons they were unable to confirm any details - around the same time, the ABC aired a program that showed secret payments to Imperium from the ARU and - here is my question - was this revealed to the ARU board? I seem to remember reading that there was a question about this. So my next question, if there was a contractual agreement to pay MRRU money over a five year period, why didn't the accountants, KPMG include this as part of the Current and non current liabilities? Surely a firm like KPMG would know that contractual obligations that arise as a result of past events from which an outflow of economic benefits is likely within the next 12 months or longer should be included as CL or NCL - right? Unless the CEO did not reveal the terms of the agreement to the accountant and/or his own board, in which case that would be called misleading and deceptive conduct - right?