Sun Sep 08 07:27:14 UTC 2024: – Byju’s auditor BDO has resigned amid growing financial troubles in the edtech startup
– BDO was appointed as the auditor for Byju’s and Akash Educational Services for a 5-year term in June 2023
– Byju’s founder accuses BDO of blackmail tactics and disputes the reasons for their resignation
– Byju’s CEO claims the company has been successful in partially paying BDO’s due fees despite financial difficulties
– Allegations of improper practices and disagreements over auditing requests have led to the resignation of BDO
– Byju’s faces new controversy in insolvency proceedings, removes foreign lenders’ agent from CoC
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