FRRB will finalise report on Byju’s accounting services soon, says ICAI President

NEW DELHI: The Financial Reporting Review Board (FRRB) of the Institute of Chartered Accountants of India (ICAI) is in the final stages of examining the accounting practices of the edtech company Byju’s, as per ICAI’s new President Ranjeet Kumar Agarwal.

Agarwal said during a press briefing that the FRRB is currently in the process of finalising its report. This panel within ICAI focuses on enhancing financial reporting standards and had initiated a review of Byju’s financial statements in 2023 for financial years 2019-20 and 2020-21.