ICAI Says Probe Into Alleged Audit Lapses At BYJU’S Still Ongoing

The ICAI (Institute of Chartered Accountants of India) stated that the probe into alleged audit lapses at Byju’s is still ongoing. This investigation concerns potential irregularities in the company’s financial auditing and reporting, particularly in relation to its revenue and profitability. ICAI’s ongoing inquiry aims to determine whether the auditors violated professional standards and ethical guidelines. This development indicates a growing scrutiny of large companies' financial transparency and the role of auditors in ensuring accountability.