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Measured taps new partnerships SVP

New exec brings "extensive experience in cybersecurity and in partnerships" ....

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Measured Analytics and Insurance Welcomes Jay Chitnis as Senior Vice President of Partnerships, Expanding Cybersecurity Expertise

/PRNewswire/ Measured Analytics and Insurance, a leading provider of cyber insurance and technology risk solutions that make businesses more secure, is. ....

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IL&FS Mess: Forensic Audit Finds Irregularities, Failure of Internal Control at IECCL


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Grant Thornton India LLP (GT), which was appointed to conduct forensic audit of IL&FS Engineering and Construction Co Ltd (IECCL), a unit of Infrastructure Leasing & Financial Services (IL&FS), found potential anomalies about lapse in internal controls in the company. 
 
The auditor had shared five instances it came across during the forensic audit, out of which four issues were raised by senior officials of IECCL, including Naresh Penumetcha, chief internal auditor of the company. The lapse of internal control ranges from bidding process, inventory, non-recording of bills of sub-contractors, dues of suppliers, unbilled revenue billing, receivable and payables as well as buying poor quality material for various projects undertaken by the IL&FS group company. ....

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