{"id":273069,"date":"2019-05-06T05:30:47","date_gmt":"2019-05-06T05:30:47","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=273069"},"modified":"2019-05-06T05:50:14","modified_gmt":"2019-05-06T05:50:14","slug":"auditors-have-many-questions-to-answer-in-ilfs-case-says-corporate-affairs-secretary","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/auditors-have-many-questions-to-answer-in-ilfs-case-says-corporate-affairs-secretary\/","title":{"rendered":"Auditors have many questions to answer in IL&amp;FS case, says Corporate Affairs Secretary"},"content":{"rendered":"<p>As the probe continues into the IL&amp;FS case, a senior government official has said the group\u2019s auditors have \u201cmany questions to answer\u201d prima facie as they are supposed to act as \u201cgatekeepers\u201d and detect widespread irregularities, but it will be premature to pass any judgement at this stage.<\/p>\n<p>\u201cWe are not expecting an auditor to detect a needle in a haystack, but if an elephant is in a room they ought to find it. That is the issue,\u201d Corporate Affairs Secretary Injeti Srinivas said.<\/p>\n<p>Crisis-hit IL&amp;FS group\u2019s debt burden is estimated to be more than Rs 94,000 crore and various entities, including some former officials and auditors, are under the scanner for widespread irregularities and huge loan defaults.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the probe continues into the IL&amp;FS case, a senior government official has said the group\u2019s auditors have \u201cmany questions to answer\u201d prima facie as they are supposed to act as \u201cgatekeepers\u201d and detect widespread irregularities, but it will be premature to pass any judgement at this stage. \u201cWe are not expecting an auditor to detect a needle in a haystack, but if an elephant is in a room they ought to find it. That is the issue,\u201d Corporate Affairs Secretary Injeti Srinivas said. Crisis-hit IL&amp;FS group\u2019s debt burden is estimated to be more than Rs 94,000 crore and various [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-273069","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=273069"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273069\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=273069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=273069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=273069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}