Chartered accountants’ apex body ICAI C (Institute of Chartered Accountants of India) president Ranjeet Kumar Agarwal on Monday said its disciplinary committee is investigating alleged auditing lapses at edtech firm Byju’s.
However, he did not divulge specific details about the issues that are being looked at.
At a briefing in the national capital, Agarwal said at the institute, there are various stages for disciplinary mechanism.
The matter related to Byju’s has been referred to the disciplinary committee by the disciplinary directorate and investigations are going on, he said.
Specific details such as whether the directorate has prima facie found any violations were not disclosed by him.
Byju’s has been facing multiple headwinds, including financial and legal woes.
PTI
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