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Regulators Say BDO Is Still Falling Short on Audit Standards
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Subscribe17 JUL 2025 / ACCOUNTING & TAXES
The UK-based accounting firm BDO's audit quality has been criticized by the Financial Reporting Council (FRC), with the watchdog stating that it "significantly fell short of expectations". Despite BDO's aggressive expansion, the FRC's report showed 30% of the firm's audits required significant improvements, whereas fellow mid-tier firm Forvis Mazars achieved a 90% pass rate.
“You don’t get to sit with the cool kids just because you bought new shoes.” That’s the message UK regulators just handed BDO, the mid-tier accounting firm itching to crash the Big Four party. While BDO’s ambition to secure more public interest audit clie...
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