BYJU’S Auditor MSKA Resigns Over ‘Financial’ & ‘Governance’ Concerns

BYJU’S Auditor MSKA Resigns Over ‘Financial’ & ‘Governance’ Concerns

SUMMARY

BDO’s exit comes just more than a year after Deloitte, the company’s previous auditor, stepped down citing problems with BYJU’S financial reporting

In its resignation letter, BDO highlighted several troubling issues, including delays in financial reporting, lack of support from the management and concerns over recovering outstanding dues from a Dubai-based entity

BDO also pointed to other challenges facing BYJU’S, such as ongoing litigation, liquidation proceedings initiated by creditors, and allegations of mismanagement by minority shareholders

In another setback to BYJU’S, the embattled edtech major’s second auditor BDO (MSKA & Associates) has resigned amid concerns over “financial” and “governance” issues.

BDO’s exit comes just more than a year after Deloitte, the company’s previous auditor, stepped down citing problems with BYJU’S financial reporting.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.