Softlab, auditors: inability to express an opinion on the financial statements

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(Finance) – Softlaba company listed on Euronext Milan and active in the ICT Consulting, Technology Solution and Business Advisory market, announced that the RSM auditing firm Auditing Firm and Accounting Organization has declared of not being able to make a judgment on the Draft Financial Statements and Consolidated Financial Statements as at 31 December 2021, as they are unable to acquire sufficient and appropriate audit evidence on which to base their opinion.

“In light of the results of the auditing procedures carried out and of the deficiencies found in the internal control system of the parent company Softlab SpA, also with reference to transactions with related parties that can cause potentially significant and pervasive errors in the financial statements, we have not been able to confirm or verify with alternative procedures the correctness of the assets and liabilities, revenues and costs, as well as the related cash flows and the adequacy of financial reporting, “wrote RSM.

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