Intueri granted extension to respond to Australian audits
Last month the company admitted that audits by the ASQA found OCA and Conwal weren't compliant with its standards.
Intueri Education Group has been granted an extension to respond to audits of its Australian subsidiaries Online Courses Australia and Conwal & Associates by the Australian Skills Quality Authority.
It will now have to respond by November 6. The previous deadline was October 21.
Last month the company admitted that audits by the ASQA found OCA and Conwal weren't compliant with its standards, a move that threatened the viability of the company. The shares slumped 87% on the news.
The ASQA has a range of options before it, ranging from a directive to correct areas of non-compliance through to the full cancellation of OCA and Conwal's registrations are registered training organisations.
Intueri also told investors today that the Tertiary Education Commission had completed its audit of the New Zealand College of Massage, with no key findings or recommendations identified.
Shares rose 15.4% to 7.5c. They've fallen 89.5% since the start of the year.
(BusinessDesk)
Edwin Mitson
Thu, 20 Oct 2016
Thu, 20 Oct 2016
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Intueri granted extension to respond to Australian audits
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