The auditor of Aamra Technologies has qualified its opinion on the company’s financial statements for the year ended June 30, 2025, citing an inability to verify key liabilities and identifying material misstatements stemming from unpaid tax obligations.
In its audit report, the auditor said it could not obtain sufficient appropriate audit evidence to verify the completeness and accuracy of the company’s trade and other payables because external balance confirmations from the Bangladesh Telecommunication Regulatory Commission (BTRC) and Bangladesh Telecommunications Company (BTCL) were unavailable.
As a result, the auditor said it could not determine whether adjustments to the financial statements were necessary.
The audit report also found that the company had not deposited applicable dividend tax with the relevant tax authority. It further said aamra technologies failed to properly deduct tax and value-added tax on purchases during the year as required under Bangladesh’s tax laws.
The auditor concluded that the financial statements were materially misstated because the related tax liabilities had not been recognised.
Separately, the auditor included an emphasis of matter paragraph highlighting a sharp decline in the company’s turnover during the financial year due to continued regulatory sanctions imposed by the BTRC on its International Internet Gateway (IIG) business.
According to the financial statements, IIG services normally generate about 70 per cent of aamra technologies’ total turnover. The sanctions therefore had a material impact on the company’s operations during the year, the auditor said.
