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Exclusive: Swiggy Auditor KPMG points out discrepancy in accounting

Experts believe start-ups have been relatively lax about auditing and accounting rules, and this case could set the tone for more public liability

Mumbai / January 28, 2021 / 06:04 PM IST

KPMG, one of the world's biggest audit firms, has pointed out discrepancies in food delivery firm Swiggy's accounting practices in its audit report, according to documents obtained by Moneycontrol.

It has given what is known as a `qualified opinion’ to Swiggy. An auditor issues a qualified opinion when he is not convinced or has concerns about a specific aspect of the company’s accounting practices, and thinks it goes against the law.

Experts believe it is a result of technical errors and difference in opinion over laws - documents said.

An auditor’s role is to examine a company’s books of accounts and state whether for a given financial year, the books present a true and fair view or not.