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Top News In Mojocare Today - Breaking & Trending Today
Instances of financial irregularities, malpractices, and failure to adhere to corporate governance standards by startups have prompted institutional investors to ramp up due diligence, even before issuing the term-sheet, and insist on periodic financial reporting by portfolio companies. ....
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. ....
Mojocare Financial Irregularities: In a joint statement, Mojocare's major investors alleged that they have 'uncovered financial irregularities" in the health and wellness start-up ....