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BDO Governance Lapses Detailed in Expanded Inspection Reports

Dec. 15, 2022, 10:54 PM

BDO USA LLP failed to supervise its audits properly, and its professionals weren’t skeptical enough of corporate managers, thus falling short of US audit governance standards, according to newly released details about the firm’s regulatory inspections.

BDO didn’t adequately address the lapses, which were spelled out in what is normally a redacted report card on firm safeguards meant to ensure audits meet US standards. The Public Company Accounting Oversight Board released two expanded reports Thursday for BDO’s 2016 and 2017 inspections.

  • The firm didn’t respond to a request for comment, but BDO outlined a ...