- EY’s research alleged that about 60 of the more than 1,000 GoMechanic service centers may have violated accounting norms to overstate revenue and divert funds.
- The investor group that hired EY pulled out of talks to invest in GoMechanic and informed Sequoia about the lapses, the people said.
Inflated Revenue, Violating accounting norms: EY on GoMechanic
[Via]
