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Valuer Acumentis remains suspended by CBA

Michael Bleby

Valuer Acumentis remains suspended by CBA, the country's largest mortgage lender, and the auditor's note accompanying the firm's latest results says a material uncertainty exists about the ability of the company formerly known as LandmarkWhite to continue as a going concern.

The auditor's caution over Acumentis, which changed its name last month, followed a similar note accompanying its annual report published in October. It was a consequence of the net $3.5 million loss the company recorded in the six months to December, as it sought to recover from a disastrous year in which it was hammered by data thefts, the loss of business and the resignation of chief executive Chris Coonan.

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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com

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    Original URL: https://www.afr.com/property/residential/valuer-acumentis-remains-suspended-by-cba-20200220-p542ls