BYJU Appoints BDO as its Statutory Auditor
BYJU has appointed BDO (MSKA & Associates), one of the worldwide known audit firms trusted by many Fortune 500 businesses, as its statutory auditors for the fiscal year beginning in FY22 and continuing for the next five years. BDO's significant experience dealing with multi-national clients highlights their skill in managing the intricacies of consolidation, which is especially important for BYJU'S given its many global acquisitions in the last three years.
BDO will cover the parent company, Think and Learn Pvt Ltd, its major subsidiaries, such as Aakash Education Services Limited, and the overall group consolidated results under this assignment. This comprehensive audit coverage will provide a full perspective of BYJU's financial performance and ensure organisational transparency.
BDO was chosen as BYJU's auditors following a rigorous evaluation process led by the business's new Group Chief Financial Officer, Ajay Goel, who joined the company a month ago and has swiftly become acquainted with its financial landscape. BDO's experience as an auditor for BYJU's subsidiaries ensures familiarity with the organization's activities, allowing for a more efficient completion of the group-level audit, which is expected to be completed in the next quarter. "After a well-structured selection process, we chose BDO as our auditors with great confidence." Their remarkable capabilities and expertise in offering audit services to globally diverse large-scale corporations make them an ideal match for our firm. "We are excited to work with BDO to maintain the highest levels of financial scrutiny and accountability," said Goel