'Byju's auditor Deloitte resigns mid term, three board members step down'

Deloitte and three board members have left Indian edtech company Byju's after a legal battle and an investor cut the firm's valuation. Deloitte stepped down mid-term due to "long-delayed" financial reports by the company. The company has appointed BDO as its new auditor. Three board members - GV Ravishankar, Russell Dreisenstock and Vivian Wu - have resigned, with the firm saying the news is "entirely speculative".

Jun 22, 2023 - 21:30
'Byju's auditor Deloitte resigns mid term, three board members step down'
Deloitte and three board members have left Indian edtech company Byju's after a legal battle and an investor cut the firm's valuation. Deloitte stepped down mid-term due to "long-delayed" financial reports by the company. The company has appointed BDO as its new auditor. Three board members - GV Ravishankar, Russell Dreisenstock and Vivian Wu - have resigned, with the firm saying the news is "entirely speculative".