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NFRA levies Rs 15 lakh fine on two auditors for lapses in Lexus Granito India audit

In its order on Wednesday, the regulator found that Lexus Granito India Ltd (LGIL) had unilaterally written back substantial amounts of its liabilities and treated them as other income, which resulted in overstatement of profits by Rs 2.31 crore in 2017-18, and an understatement of losses by Rs 5.89 crore in 2018-19 and Rs 3.15 crore in 2019-20.
Rahul Jangir Lexus Granito India Ltd Ashok Holani Co National Financial Reporting Authority Ashok Holani Key Audit Matter

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6clicks Advances Platform with Major Release to Hailey AI Engine

World's First Generative AI for Governance, Risk and Compliance Counters Challenges of Complexity, Pace of Change and Risk Management MELBOURNE, Australia, Oct. 4, 2023 /PRNewswire/ -- 6clicks, pioneers of the leading AI-powered multi-tenant GRC platform for businesses and advisors, has today announced Hailey GPT, their powerful new AI engine to address the increasingly untenable requirements of managing GRC duties. Now a risk and compliance specific version of generative AI enables extensiv...
Anthony Stevens First Generative Compliance Counters Challenges World 39s First Generative Ai For Governance Isk And Compliance Counters Challenges Of Complexity Ace Of Change And Risk Management Melbourne

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