Statutory auditors of Imagine Marketing (Boat) have reported multiple compliance issues in the company’s updated draft red herring prospectus (DRHP). These observations relate to mismatches in lender filings, utilization of funds, unreported related-party transactions, and remuneration breaches. For clients, this case highlights critical governance areas regulators and auditors are increasingly scrutinising. 1. Mismatch Between Lender…