OnePlus India Audit Flags Compliance & Operational Issues

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SUMMARY

The filing appended the auditor’s report that flagged the risk of potential action from the Enforcement Directorate (ED) and the Income Tax Department

Auditors flagged the use of foreign-hosted accounting software, usage of program codes in a foreign language and delayed provident fund contributions

The filing further noted that the company has taken the steps for making the outstanding payment of contribution in the employee provident fund for FY24

Amid heightened…



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OnePlus India Audit Flags Compliance & Operational Issues


SUMMARY

The filing appended the auditor’s report that flagged the risk of potential action from the Enforcement Directorate (ED) and the Income Tax Department

Auditors flagged the use of foreign-hosted accounting software, usage of program codes in a foreign language and delayed provident fund contributions

The filing further noted that the company has taken the steps for making the outstanding payment of contribution in the employee provident fund for FY24

Amid heightened…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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