Key Points
Byjus crisis: A day after auditor BDO (MSKA & Associates) quitted the edtech, Byju Raveendran-led Byjus on Saturday said that the firm is making unethical requests and manipulating the audit process...
Byjus founders Byju Raveendran and Divya Gokulnath have questioned the legality of BDO's resignation and accused it of procedural failure and an escapist move.. "Multiple call recordings exist, where BDO representatives explicitly suggest backdating these documents, which BYJUS refused to do," the Byjus statement noted...
The company stated it adhered to all of BDO's requests, except for those that would involve breaching ethical and legal boundaries..
The real reason for BDOs resignation is Byju's firm refusal to backdate its reports, while BDO went to the extent of recommending a firm that could facilitate such an illegal activity.". 2. Byju's has claimed that BDO sent an email on July 17, for clarifications about its historical transactions with a partner in the Middle East, but only marked the suspended company board on the request...
Byju's further clarified that the suspended Board and management at the edtech took proactive step of arranging a forensic audit, fully transparent and supervised by BDO before their email on July 17...
