Saferoads Verifies Compliance and Financial Integrity

Saferoads Holdings Limited (AU:SRH) has released an update.

Saferoads Holdings Limited has confirmed their Half-Year Report aligns with accounting standards and accurately reflects the company’s financial health, as agreed upon by the Directors and affirmed by the auditor. The Directors have applied rigorous judgement to ensure their intangible assets’ carrying value is correct, using a formal estimate process and multiple value calculations. Despite a qualified auditor opinion due to scope limitations, Saferoads maintains that their risk management and control systems are effective and the issue is not expected to materially affect their stock value.

For further insights into AU:SRH stock, check out TipRanks’ Stock Analysis page.