Mumbai, April 28 -- Audit firm Deloitte has flagged lapses in Dailyhunt parent VerSe Innovation's internal controls, saying these could have resulted in "material misstatements" in the content platform's latest financial statement.

In a filing with the ministry of corporate affairs, VerSe's auditor said the company did not have appropriate internal controls over the selection and evaluation of suppliers, the approval of purchase orders and invoices, and payments.

These could result in material misstatements in VerSe's trade payables and expense account balances and preferential payments to suppliers, including misappropriation, Deloitte said in its report.

Deloitte's findings come days afterMint reported the recent resignation of VerSe...