Deloitte also criticised the M and A Group’s record keeping.
“We note that we have been provided access to the company’s management accounting file maintained through [accounting software] Xero.
“However, this file appears incomplete and unreconciled.
“It is our preliminary opinion the books and records have not been maintained in accordance with Section 286 of the [Corporations Act] as no financial statements or income tax returns were prepared for the company.”
The Independent Property Group, which sold apartments inside the building, said in April that investigations were still being carried out to determine the extent of defects within the 90-unit development.
A defects report obtained late last year showed the Esque building has be…
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