The State Securities Commission (SSC) has just sent a document to Thu Duc Import-Export Trading Joint Stock Company. According to the results of the 2025 audit service quality inspection at An Viet Auditing Company Limited, the audit file of Timexco's 2024 financial statements (FS) did not meet the requirements because the auditors had not completed all procedures and had not collected enough necessary evidence according to auditing standards.

The State Securities Commission will suspend the auditors signing the audit report of Timexco's 2024 financial statements and request the company to disclose information according to regulations.

According to Timexco's 2024 financial statements audited by An Viet Auditing Company Limited, the two auditors signing the report are Mr. Nguyen Duc Duong, Deputy General Director and Mr. Do Huy Anh, auditor.

The auditor said that the financial statements reflected fairly and fairly, in all material respects, the financial situation of the company as of December 31, 2024, as well as the business performance and cash flow situation for the fiscal year ended on the same day, in accordance with accounting standards, accounting regimes and relevant regulations.

The auditor noted in Note 10 that the company is still working with related parties to handle the missing assets arising at construction store No. 4. However, this issue does not affect the audit opinion.

In 2024, TMC recorded sales and service revenue of VND 2,489 billion, profit after corporate income tax of VND 10 billion.

Suspension of auditors who signed financial reports for Quoc Cuong Gia Lai Due to incomplete procedures and failure to collect sufficient information before giving opinions, the auditors who signed the 2023 financial audit report for Quoc Cuong Gia Lai will be suspended.

Source: https://vietnamnet.vn/bao-cao-tai-chinh-2024-cua-timexco-bi-tuyt-coi-2442571.html