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SEC Suspends 3 Ex-BDO Accountants for Incomplete, Predated Audit (1)

Oct. 12, 2018, 8:48 PMUpdated: Oct. 12, 2018, 9:50 PM

Three former BDO USA LLP accountants have been suspended for predating audit paper work and signing blank audit papers among other unprofessional conduct that violated securities laws and auditing standards, the SEC announced Oct. 12.

The enforcement action from the Securities and Exchange Commission stems from BDO’s 2013 audit of AmTrust Financial Services, Inc., a global insurance company.

In a statement to Bloomberg Tax, BDO said the three individuals no longer work for the firm and that the firm is not part of the enforcement action.

“BDO takes these matters very seriously and has cooperated fully with the SEC on...

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