Current or non-current liabilties?

Turns out, the difference is important. Allco Finance Group, who've been in the news of late, issued financial statements with just under $2billion of liabilities classified as non-current, when they should have been current. Elizabeth Knight argues that they company and it's auditor (KPMG) should have been slightly more forthcoming about 'correcting the record'. She refers to both audit and non-audit fees paid to KPMG; two things often said to be associated with auditor independence.