Caribbean Airlines audits expose major gaps in financial records

AI Summary

Audits of Caribbean Airlines’ 2017–2019 financial statements found substantial gaps in accounting records, preventing PwC from verifying billions of dollars in assets, revenue and expenses. The auditors also identified millions in unrecorded items, raising concerns about the airline’s financial reporting and oversight.

AUDITS of Caribbean Airlines’ long-delayed 2017, 2018 and 2019 financial statements have revealed extensive gaps in the airline’s accounting records, with PwC unable to verify billions of dollars in assets, revenue and expenses and identifying millions of dollars in unrecorded…