Auditing firm SAB&T Incorporated says it could not verify any of Casey Investment Holdings` income statement transactions for the year to February 2004 because the documents could not be located.
Casey reported yesterday that it had finalised the annual financial statements for the year to 29 February, which were published on 30 June.
"However, shareholders are advised that the financial statements contain a qualification on the income statement due to incomplete information prior to the change in control and accordingly the auditors, SAB&T Incorporated, have disclaimed an audit opinion."
The auditing firm says it could not locate the documents for the period due to the restructuring of the company.
"The company`s records did not permit the application of adequate auditing procedures relating to income statement transactions," it adds.
Casey became a shell last year after its former directors, in conjunction with then-owner Black IT Empowerment Company (Blitec), decided to close down all its divisions and retrench all staff members after other options aimed at revitalising the business were examined.
The entity was sold to Level 4 Holdings, which paid R75 000 for a 75% stake. Blitec retained about 12% of Casey`s shares.
Last month the company announced that Internet service provider DataPro would reverse list into Casey. The listed entity is to be renamed DataPro and move to the JSE`s alternative exchange, AltX.
The company says it has changed its year-end to 31 August.
"Following the disclaimer of opinion, it is the intention of the company to issue audited results during September 2004, on which an unqualified audit opinion is anticipated."
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