GSE gives Clydestone more time to finalize 2022 financial reports
The Ghana Stock Exchange (GSE) has released a statement to inform the general investing public that Clydestone, a key player in the technology and financial services industry, has been granted an extension to submit their audited financial statements for the year ended December 31, 2022. The new deadline for submission has been set for April 30, 2023.
The GSE explained that the extension was granted due to the fact that Clydestone’s audit process is still ongoing, which has impacted the timely submission of their audited financial statements. The extension will provide Clydestone with the necessary time to complete their audit and submit their audited financial statements accordingly.
This announcement comes as no surprise, given that the audit process is often a time-consuming and rigorous exercise that requires a significant amount of resources, personnel, and attention to detail. It is essential to ensure that the financial statements presented are accurate, reliable, and adhere to the relevant accounting standards.
The GSE’s decision to grant an extension to Clydestone is in line with their commitment to ensuring that all listed companies comply with the rules and regulations governing the capital markets. The timely submission of audited financial statements is an essential requirement that provides investors with the necessary information to make informed investment decisions.
As such, the GSE encourages all listed companies to prioritize the completion of their audit process and the submission of their audited financial statements to avoid any potential penalties or sanctions for non-compliance.
In conclusion, the GSE’s announcement regarding Clydestone’s extension to submit their audited financial statements is a reminder of the importance of timely and accurate financial reporting. It is hoped that Clydestone will complete their audit process and submit their audited financial statements on or before the new deadline to ensure transparency and accountability in the capital markets.
