Key Points
Even as Byjus announced the appointment of BDO (MSKA & Associates) as its new statutory auditors for the fiscal year starting FY22 and subsequent five years, Deloitte Haskins & Sells, the outgoing auditors, issued a statement stating that despite having audited the long-delayed financial statements for the year ending March 31, 2022, they did not receive any communication from Byjus promoters regarding the audit, resulting in their inability to proceed with the audit as planned...
We have also not received any communication on the resolution of the audit report modifications in respect of the year ended March 31, 2021, status of audit readiness of the financial statements and the underlying books and records for the year ended March 31, 2022, and we have not been able to commence the audit as of date...
Deloitte Haskins & Sells had served as the companys auditors for the past five years before tendering their resignation..
However, the company refuted all such news reports, stating, A recent media report suggesting the resignations of board members from Byjus is entirely speculative..
We request media outlets rely on verified sources and official statements for accurate information regarding Byjus, the spokesperson added. businessline could not independently verify whether the directors continue on the board as claimed by Byjus...
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