It is important for investors to receive high-quality information about the existence of material uncertainties that may cast significant doubt on an entity’s ability to continue as a going concern.
“Research shows that for an average large company with 10,000+ employees, the hidden cost of skill gaps, disengagement, and turnover are estimated conservatively at - $135 million."
Luminor Bank AS, which has nearly 900,000 clients, is the third largest provider of financial services in the Baltic banking market, and operates in Estonia, Latvia, and Lithuania.