Amount of cash donations to Warne's charity still unknown
AN independent audit into the charity established by former cricketer Shane Warne has been unable to draw conclusions on the foundation's cash donations due to its accounting practices.
Late last year, Consumer Affairs Victoria ordered The Shane Warne Foundation submit an audit report after discovering financial inconsistencies in its books.
CAV confirmed it had received the report on Friday, after it extended a February 29 deadline to March 11.
The report, conducted by the firm KPMG, found the foundation had complied with most of its obligations, but - between 2012 and 2015 - did not meet requirements relating to the lodgement and submissions of its annual accounts by their due date.
The report also found that while cash donations were a significant revenue source, it was unable to establish how much cash the foundation received from the financial records it was provided.
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