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                Here is an hot topic about "Wipro"..


             Wipro has tightened internal control in the finance division. The employee, who was working in the 'controllership' division within the finance department in the last three years, stole a password and transferred funds from Wipro's account at a bank.

             Suresh C Senapaty, Wipro's CFO has also confirmed the incident.The company has carried out an investigation and is undertaking actions with respect to stricter adherence to processes. Wipro officials have succeeded in recovering about half the money, but will still face a loss of about $2 million. 

            Apart from setting up an internal investigation team, Wipro has also taken help from external auditors and investigation experts who will vet its processes and certify the soundness of its controls. Wipro plans to make it compulsory for its employees to sign an undertaking about sharing of passwords and any unauthorized transactions. 

         The company is also planning to frequently rotate its employees, who are working in sensitive functions within the finance department. Currently, employees in such functions spend around three years before a transfer.