professional scepticism

55 days ago

Tom Winnifrith Bearcast: Professional scepticism and Amazing AI and what I want in the Skinbiotherapeutics results

I start with professional scepticism, Amazing AI (AAI) and its auditors. Then it is Skinbiotherapeutics (SBTX) and what I want to see in its imminent results - mind you when it comes to things from Newcastle, what I want and what I get can be very different.

84 days ago

Letter to the Financial Reporting Council: Wildcat Petroleum Annual Report and auditors Macalvins

What on earth ever happened to professional sceptcism and basic mathematics? I have written to my good pals at the Financial Reporting Council asking it to investigate the Annual Report of Wildcat Petroleum (WCAT) and its auditors Macalvins and audit partner Pankaj Rajani.

1068 days ago

Versarien results - the game is almost up despite a dubious audit: Part One

The results for the 18 months to 30 September from Versarien (VRS) are shockingly bad and contain an explicit warning about its perilous financial state. When, not if, it goes bust auditors BDO will have big questions to ask about this sign off for its work is very poor, there is almost no professional scepticism.

2242 days ago

Tom Winnifrith Bearcast: £2.5 billion M&G fund gated, you were warned

Today’s news is shocking but should not shock you as I have warned this would happen. Anyone invested in commercial property shares is insane for reasons I explain again and as for an open-ended fund they are even more insane. I also look at the latest accounting wrongdoing at Ted Baker (TED) and M&C Saatchi (SAA). Do no auditors show professional scepticism these days. Then there is comment on Tomco (TOM) and value destruction. Oh and there is a snake story too.