BYJU's gets unqualified audit report from Deloitte

30 Aug 2022 , 09:42 AM

BYJU’s, the most valuable edtech startup in India, will present its FY21 financial statements to the board of directors this week and to equity and debt investors the next week after finally receiving a ‘unqualified’ audit report from Deloitte.

An “unqualified” report signifies that the company’s financial statements are honest and open and are supported by extensive investigation, putting to rest any rumors concerning BYJU’s dire financial situation.

The edtech company will convene a board meeting in a day or two, according to people with knowledge of the event, before releasing the audited financial statements for FY21 next week, most likely on September 6.

The company has been under pressure to submit its FY21 audited report amid delays and scrutiny, so receiving the ‘unqualified’ report is a huge relief.
  
 
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