SIC Insurance Plc granted one month extension to submit audited 2024 financial statements
The Ghana Stock Exchange (GSE) has granted SIC Insurance Plc a one month extension period to submit its audited financial statements for the 2024 fiscal year to the Securities and Exchange Commission (SEC).
The insurer, which was initially expected to file its results by the regulatory deadline, now has until Wednesday, April 30, 2025, to complete and submit its audited accounts.
The GSE did not provide specific reasons for the delay, though late financial reporting is typically linked to incomplete audits, complex accounting issues, ongoing legal investigations, significant changes in business operations, data system issues, internal control deficiencies, auditor disagreements, or a lack of preparedness by the company’s finance team.
SEC and GSE have increasingly scrutinised the timeliness of financial reporting, given its importance for market transparency and investor confidence.
The extension signals the company’s ongoing engagement with regulators to finalise its accounts, but investors will be looking for assurances that the delay does not indicate deeper operational or financial issues.
SP/AE
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