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Auditors of GoMechanic had raised several red flags in accounting: Report

The firm did not maintain inventory records for receipts and issuance of goods directly received by the customers

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BS Web Team New Delhi
Auditors of car service platform GoMechanic had raised "red flags" in the company's accounting standards for the investors, a report in Mint said. In 2020, PwC India, the auditor of the company's holding entity Targetone Innovations Pvt Ltd, had issed a "qualified opinion" indicating that it could not provide a clean opinion of the accounts.

The firm did not maintain inventory records for receipts and issuance of goods directly received by the customers, the Mint report said, citing documents from the audit. 

In FY21 and FY22, the company's auditor BSR and Co., an affiliate of KPMG International, did not

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First Published: Jan 20 2023 | 10:07 AM IST

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