Will look into financial disclosures of Byju's, says ICAI president

Move comes in backdrop of Congress MP Karti Chidambaram's letter airing concerns over results

The Institute of Chartered Accountants of India (ICAI) will look at the financial disclosures of edtech major Byju’s, the institute’s president Debashis Mitra said on Thursday.

The Financial Reporting Review Board (FRRB) of the ICAI is expected to meet next week to take a view on the matter. Mitra told Business Standard that the edtech company was under the scanner because of a 22-month delay in submitting financial reports.

“Even the [Ministry of Corporate Affairs] had requested them for submission. We will start looking into it formally after November 21, after the world congress of accountants is over,” Mitra said.