BDO USA P.C. said Tuesday that its flawed audits flagged by US inspectors are set to rise again, in a preview of a pending 2023 regulatory review.
The firm, among the largest US auditors, also warned that a series of in-progress reforms to its assurance practice won’t quickly reverse that trend.
BDO has struggled in recent years to improve its compliance with US standards for vetting corporate financial statements. The US audit board has found violations in more than half of the firm’s audits inspected since 2020, with two-thirds falling short in the firm’s 2022 inspection report, released in ...
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