Audit

Credit: Pixabay/CC0 Public Domain When new financial auditing regulations went into effect in 2019, there were concerns the rules would affect publicly traded companies and, by extension, investors. A new study finds there was an effect—but it was a small one. At issue are the audits that publicly traded companies are required to…

Despite what some business leaders still (shockingly) think, YouTube isn’t just cat videos and fail compilations; it’s a mighty tool in your marketing arsenal.  If you’re not harnessing its full potential, you’re missing out big time.  Regularly performing a thorough audit is one way to ensure you’re squeezing all the value from your brand’s YouTube channel. Here’s how it’s done. Understanding YouTube metrics and analytics Views, subscribers, likes, comments and shares give a good feel for how your video…

On Wednesday, New York City imposed a new law regulating companies that use artificial intelligence to screen candidates for open positions. The city’s Automated Employment Decision Tools (AEDT) law requires companies to prove their AI tool is free from racial and gender bias before it can be used.Can AI Help with Mental Health?AEDT Law, also known as Local Law 144, was introduced in 2021 and took effect this week, making New York City the first to pave the way for corporate AI regulations with others expected to follow…

It’s a bleak prognosis for healthcare startup Mojocare. The company’s board may delve deeper into the forensic audit report this month, and decide whether to shut shop and return the money to investors. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Swiggy joins co-branded credit card rush■ Online gaming firms plan to discuss rules with states■ Nasscom, IndiaTech call out Delhi’s EV transition Mojocare board to decide on shutting shop, returning money to investors Mojocare founders Rajat…

The board of the troubled startup Mojocare — whose founders confessed to inflating revenues last month — is likely to meet later this month as the final audit report has been submitted by Deloitte, sources aware of the matter said.According to people briefed on the contents of the final forensic report, the founders have been found to have inflated revenues and sales in internal presentations to investors, and shown elevated expenses as well (to explain the losses in spite of the higher revenues). The findings are similar…

The resolution professional has assured the DGCA that there will be an adequate workforce to support the airline's operations. (File photo/News18)The development came days after Go First submitted its revival plan to the civil aviation regulator in which it stated it plans to recommence operations as soon as possible.After conducting a preliminary review of the resumption plan submitted by cash-strapped Go First airlines on June 28, the Directorate General of Civil Aviation (DGCA) has decided to conduct a special audit of…

Soon after representatives of Peak XV Partners (formerly Sequoia Capital India), Prosus (earlier Naspers) and Chan Zuckerberg Initiative confirmed their exits from Byju’s board, the edtech firm issued a statement saying it has been in ‘ constructive discussions’ with investors on reconstitution of the board, including the induction of independent directors.“The need for reconstitution arose as a few investors had to vacate the board seats due to their shareholding falling below a minimum required threshold, as per our SHA…

Frequent occurrence of serious corporate governance issues at Indian startups has led some of the leading consulting firms to initiate discussions with venture funds to audit their portfolio companies, multiple industry sources told ET.Some of the auditors have in recent weeks made presentations to venture capital funds showing how their previous audits unearthed financial irregularities such as inflated revenue at startups, said a venture investor who has seen such presentations. These investors and industry executives…

Startups are once again at odds with the Internet and Mobile Association of India (IAMAI) over the latter’s stance on the digital competition bill. The latest in this feud and more in today’s ETtech Morning Dispatch.Also in the letter:■ Mojocare investors weigh legal action against founders■ IRDA considering Managed General Agencies in insurance■ Restaurants get 33% of revenues via food delivery platforms Exclusive: Startups oppose IAMAI submission on Digital Competition Bill Summer of discontent: Over half a…

Investors in Bengaluru- based healthcare and wellness startup Mojocare have found financial irregularities in the company, per a statement issued by them on Sunday.A group of investors – including Peak XV Partners (erstwhile Sequoia India), Chiratae Ventures and B Capital – had initiated a review of the company. Sequoia’s seed-stage programme Surge had backed Mojocare.The forensic audit is still ongoing, the statement added. Chiratae Ventures is the largest shareholder in the company, while B Capital has pumped the most…