THE WEST INDIES CRICKET BOARD (WICB) and its auditors appear to be batting on different pitches.
For the second successive year, accounting firm KPMG (Antigua and Barbuda) has expressed doubts over the ability of the WICB to remain in business.
WICB directors, however, believe the board will have adequate resources to continue into the foreseeable future as a result of improved international revenue-sharing arrangements.
KPMG gave its assessment in its independent auditors’ report under the heading Emphasis Of Matter, telling WICB shareholders that a note in the financial statements indicated the “existence of a material uncertainty that may cast significant doubt about the board’s ability to continue as a going concern”. (HG)
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