Audit uncovers serious defects in Beingmate’s management
Fonterra is working through a translation of the report.
Duncan Bridgeman Thu, 22 Feb 2018
An independent audit has revealed shortcomings in the financial management and internal control at Beingmate Baby & Child Food, Fonterra’s [NZX:FSF] Chinese joint-venture partner.
The audit by Tianjian Certified Public Accountants singles out several areas of concern, including the level of