Hints and tips:
Related Special Reports
...Chicago-based Grant Thornton is the seventh largest accounting firm in the US after the Big Four, RSM and BDO, with $2.4bn in revenue in its past financial year, which ran to July 2023....
...This story has been updated to incorporate comments from BDO USA, including information on the use of funds from Apollo...
...BDO USA, which employs about 12,000 people, is aiming to have 5,000 people at its offshore joint venture “BDO Rise” within five years, Berson told the Financial Times....
...BDO, whose audit fee from Revolut rose more than fourfold to £4.5mn for 2021, declined to comment....
...In a response published alongside the FRC’s findings on Friday, BDO said it had immediately launched an investigation once it found out about the auditor’s actions....
...Headcount at BDO jumped to 7,500 from 7,000 a year earlier....
...The firm’s demotion to “tier two” leaves the Big Four — Deloitte, EY, KPMG and PwC — plus BDO and Mazars as the remaining “tier one” firms....
...The FRC said: “At BDO, the level of recurring findings is unacceptable....
...BDO did not renew the lease on its 470-person Aldersgate Street site while staff were forced to work remotely during lockdowns in 2020....
...So why are the 860 partners of BDO USA giving it all up?...
...The start-up added that it had appointed accountant BDO to replace Deloitte, saying that the companies had a “meticulously planned transition timeline”....
...the issues Deloitte flagged in its resignation letter “are adequately disclosed and addressed [by Adani]”, adding that Apsez has appointed MSKA & Associates, a member of international accountancy group BDO...
...BDO has been criticised by the UK accounting regulator over the quality of its large audits....
...The regulator is already carrying out similar probes into EY’s auditing of retailer Made.com, PwC’s audits of property group Intu, Mazars’ work at Studio Retail Group and BDO’s auditing of construction group...
...It announced in a securities filing in December that BDO Canada LLP had resigned as auditor of its ETFs “on its own initiative” on November 3....
...BDO also declined to comment....
...BDO, Mazars and EY said they were disappointed with their inspection results and were investing to increase their resources and the quality of their work....
...BDO declined to comment....
...Crowe UK LLP, which replaced BDO as the club’s auditor, drew attention to a note in the financial statements that warned that Everton would require additional financial support from its majority shareholder...
...Two more accounting firms had also held FTX’s hand and were left holding its bags: BDO’s Australia and Houston offices and EY’s New York, Seoul, and Vienna teams....
...BDO said it could not comment on individual companies it worked for. The FRC declined to comment....
...Jitendra Patel, tax principal at accountancy and business advisory firm BDO, says congratulations on making it to partner....
...BDO is under investigation by the FRC over its audit of collapsed construction company NMCN....
...Paul Falvey, tax partner at accountancy and business advisory firm BDO, says recent research conducted by BDO suggests that you’re not alone in your thinking....
...Mid-tier auditors Grant Thornton and BDO have also removed their Russian affiliates from their global networks....
International Edition