Asiana Airlines audit shows it complies with accounting standards
- 5 years ago
South Korea's second largest carrier Asiana Airlines says.... it received "unqualified" audit opinion from auditor Samil PricewaterhouseCoopers on Tuesday,.... meaning the airline complies with accounting standards.
This comes after the auditor originally gave the carrier a "qualified" audit opinion on Friday,.... saying it couldn't determine the value of Asiana Airlines due to lack of information regarding its liabilities.
The airlines said Tuesday..... the company made six-point-three billion U.S. dollars in sales revenue,.... up around nine percent on-year.
Operating profit fell almost 90 percent on-year to 25 million dollars.
Asiana added that,.... it will work to earn back market trust with stricter accounting standards.
This comes after the auditor originally gave the carrier a "qualified" audit opinion on Friday,.... saying it couldn't determine the value of Asiana Airlines due to lack of information regarding its liabilities.
The airlines said Tuesday..... the company made six-point-three billion U.S. dollars in sales revenue,.... up around nine percent on-year.
Operating profit fell almost 90 percent on-year to 25 million dollars.
Asiana added that,.... it will work to earn back market trust with stricter accounting standards.