No word on audit call: Infy - News Summed Up

No word on audit call: Infy


The statement from the Bangalore-based company came amid reports that the capital market regulator was likely to demand a forensic audit of its books as part of a probe into the charges made by the whistleblowers. News that Sebi may call for a forensic audit of its books saw the shares of Infosys coming under pressure in trading on Friday. During intra-day trades, the scrip declined 1.37 per cent to Rs 773.80 on the BSE after opening lower at Rs 776. The audit committee of the company commissioned an investigation with the assistance of an independent legal counsel. US market regulator SEC had also initiated a probe into the matter.


Source: The Telegraph January 24, 2020 19:48 UTC



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