BDO wins biggest international audit client replacing Big Four firm KPMG March 15, 2021 BDO in the UK, German and the US has won its largest ever international audit client, replacing KPMG as auditor of software giant SAP. The challenger firm will take over from KPMG as SAP’s auditor for the 2023 financial year. According to SAP, BDO has a “modern and innovative audit concept”. The decision to take [...]
BDO eases promotion pause and makes 20 new partners January 6, 2021 Some 20 employees at BDO have finally been promoted to partner at the firm, having had their promotions delayed for six months because of Covid-19. The new partners work across the audit firm’s tax, audit and advisory teams and their promotions are effective from 1 January. A total 470 staff that were due promotions in [...]
Businesses expect taxes to rise after general election November 6, 2023 More businesses expect taxes to rise rather than fall after the next general election, according to a new survey.
Quintessentially: Firm founded by Queen Camilla’s nephew switches auditor amid accounts delays June 27, 2023 Quintessentially, the members-only concierge service founded by the nephew of Queen Camilla, Ben Elliot, has switched its auditors amid severe delays to the company’s accounts. BDO officially resigned as the auditor for Quintessentially (UK), the parent company, yesterday, according to an update on Companies House. A spokesperson for Quintessentially confirmed the change to City A.M., but [...]
Mid-sized businesses on edge as consumer spending fears grow January 8, 2024 A fear for the health of the UK economy has caused mid-sized businesses to be cautious of a fall in consumer spending, new research shows.
Make or break: Struggling small firms hope holiday season will bring vital boost November 13, 2023 As small businesses power through the economic headwinds of the year and look towards a more positive 2024, the holiday season might just be what makes or breaks it for some. Laura Timm, the Federation of Small Businesses London policy chair, referred to the next few months as the “golden quarter” for small businesses looking [...]
Revolut auditor flags concern over £477m of revenue in long-delayed 2021 accounts March 1, 2023 Revolut’s auditor BDO was not able to independently verify three-quarters of the £636m total revenue reported by the fintech firm in its long-delayed 2021 accounts, Revolut’s annual report showed. The 2021 accounts were signed off this week after months of delays, following a revamp of Revolut’s internal accounting systems and heavy regulatory scrutiny. But BDO [...]
Business confidence ‘cautiously’ returns as service sector continues recovery February 12, 2024 A continued recovery for the service sector has boosted UK business confidence as output levels start to inch closer to pre-inflation highs.
BDO becomes largest auditor of listed UK firms October 13, 2020 Challenger firm BDO now audits the highest number of listed UK companies as attempts to reform the sector sees companies move away from the Big Four. BDO, the UK’s fifth-largest accounting firm by revenue, gained 36 listed clients in the 12 months to October, according to Adviser Rankings, which collects auditor data. It now audits [...]
Warning over looming threat of recession October 9, 2023 The threat of a recession is looming amid a fall in employment, business optimism and output, a new report is warning. Advisory group BDO said its research suggested that business confidence, output and hiring intentions continued to fall in September as firms grapple with “ongoing inflationary headwinds”. Companies are still struggling to maintain staffing numbers [...]