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Investigation report by Audit Investigation Board

Accounting & Financial Reporting Council, 13-May-2011

We deduce that this relates to Global Green Tech (0274) and its 2008 accounts, which received a clean audit report. The auditor was Hopkins CPA Ltd. The only "direct non-wholly owned subsidiary" listed in the accounts was Bio Beauty Group Ltd, which aborted its IPO in late 2007. At that time the subsidiary auditor was Deloitte, but it may have changed. Note the concerns expressed by the subsidiary auditor in paragraphs 4.1.3.3 to 4.1.3.5. It resigned on 6-Aug-2009 without issuing an audit report.

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