BANXA Holdings Inc (TSX-V:BNXA, OTCQX:BNXAF) has reported a delay in the FY23 audit as audit partner PKF Antares maintains its stance on agency revenue recognition, causing disappointment for Banxa.
The company is actively working to swiftly complete the audit, exploring options such as restating agency revenue or obtaining a qualified opinion.
Despite challenges, Banxa remains committed to transparency and defending its position, anticipating a new audit completion timeline announcement this week.