The BDO audit work is strongly criticized by the UK regulator

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An UK regulator strongly criticized inspections by BDO, saying that the annual inspections of the medium-class accounting company, he said, “Significantly short,” he said.

The findings of the Financial Report Council emphasize the problem Bdo faces because he tried to break his stranger Great Four Firm – Deloitte, EY, KPMG and PWC – Work in operating companies, complies with the requirements of the guard.

FRC said that only 50 percent of the BDO inspections inspected at the last annual inspections were required to be “limited improvement” than last year. Then only 38% of the BDO inspections were sorted as satisfactory.

However, the regulator, the latest BDO audit work is “significantly short of expected expectations,” BDO said: “BDO should re-evaluate the quality of the audit.”

FRC, BDO will be under close control, said: “We expect BDO to agree and change in PACE.”

In the annual study of the audit tasks of the regulator’s leading accounting companies, a total of 104 work partition completed by the regulatory, large four and five plus BDO Forvis Mazars.

FRC, high-level corporate failures of accounting companies, construction company Carillion and Bread Chain Patisserie Valerie, as high-level corporate failures could not raise red flags ahead of the UK, he tried to improve the quality of the British inspections.

BDO has been the most successful Medium-level accounting firms Listed companies, banks and insurers to win more audits than the subject of public interest entities. Now all of the most peers check the third largest number of peers.

Audit Head Dominic Stamers in BDO, “We have a clear plan to resolve FRC findings and make progress in our audit experience.”

FRC promised reforms to help compete with a large fourth of medium-sized firms, but the efforts of the regulator prevented some key to government reforms will shake the audit market.

Meanwhile, FRC said 90 percent of the inspections completed by Fvis Mazars did not need more than 44 percent more than 44 percent last year.

Better performance “motivated”, but was not yet “trend”, FRC, FRC, last year after criticizing the audit of the Forvis Mazars added.

“(The subject of public interest) continues to be greater among other companies in the market,” said Sarah Rapson, Director of Control in FRC.

FRC said that during the audits of the large four companies, the audit demonstrated “continuous and consistent development” in the quality of the audit.