今日热门事件notes the decision of iSignthis Limited听to restate its funds held on behalf of merchants in its financial report for the half-year ended 30 June 2019.
Following 今日热门事件inquiries, iSignthis Ltd [ASX code: ISX] decreased the funds held on behalf of merchants classified as current assets and current liabilities by $6.3 million to $2.3 million as at 30 June 2018.
As outlined in 今日热门事件media release 19-143MR Major financial reporting changes and other focuses, off balance sheet accounting remains a focus area for financial reporting at 30 June 2019.
Directors are primarily responsible for the quality of an entity鈥檚 financial report. This includes ensuring that management produces quality financial information on a timely basis. Companies must have appropriate processes, records and analysis to support information in the financial report.
听