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Byju’s accuses auditor BDO of making unethical requests, including backdating financial reports, and alleges procedural failure.
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BDO resigned as auditor, citing concerns over financial reporting, management support, and debt recovery.
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Byju’s claims BDO’s resignation is due to its refusal to backdate reports and welcomes a forensic audit led by the Resolution Professional.
Byju’s has hit back at its former auditor BDO (MSKA & Associates), alleging unethical requests and procedural failure. The edtech company claims BDO suggested backdating financial reports, which Byju’s refused to do. Byju’s also accuses BDO of making manipulative requests and using tactics to influence the audit process.
BDO resigned as auditor, citing concerns over financial reporting, management support, and debt recovery. However, Byju’s claims BDO’s resignation is due to its refusal to backdate reports. The company welcomes a forensic audit led by the Resolution Professional and is willing to extend support to facilitate the process.
The dispute between Byju’s and BDO comes amid insolvency proceedings initiated against the edtech company. Byju’s claims BDO failed to communicate with the Insolvency Resolution Professional (IRP) and did not appreciate the IRP’s control over the company during the 45-day period.
