BDO picks Mark Shaw as next managing partner as firm eyes £1bn target May 22, 2024 Shaw was chosen following a vote by the firm’s equity partners, and is set to take over the leadership position from 1 October 2024.
UK economy: Business output at highest level since May 2022 as recovery continues April 8, 2024 Economic output climbed to its highest level since May 2022 in March, according to the BDO Business Trends report.
BDO revenue soars over £900m but investments sting its PEP November 8, 2023 BDO revenue increased 16 per cent over the 2022/23 financial year as revenue soared to £935m, but profit per equity partner had a slight downturn.
UK firms cut back on hiring as rising costs hit business optimism February 13, 2023 British firms have begun cutting back on hiring as services businesses suffered a hit from the UK’s cost-of-living crisis, new research from BDO shows. Hiring has fallen to its lowest levels since December 2021, following a sharp drop in business output over the previous year, data from BDO’s business trends report shows. UK business output [...]
UK’s audit watchdog calls on top accounting firms to boost measures against exam cheating December 21, 2022 The UK’s accounting watchdog has called on Britain’s seven largest auditors to improve the measures they have in place to prevent cheating on exams, following a series of international cheating scandals involving the world’s biggest audit firms. In a letter seen by City A.M., the UK’s Financial Reporting Council (FRC) called on the country’s top [...]
BDO partners see payouts drop following £70m hiring spree November 30, 2022 BDO’s managing partner today said the firm will continue investing in long-term growth after partners saw their payouts drop 15 per cent as the result of a £70m spending spree. Speaking to City A.M. Paul Eagland also refused to rule out a firm-wide split as he signaled BDO may follow EY in separating its audit [...]
Young workers see class background as barrier to career success October 27, 2022 Young workers from lower socio-economic backgrounds continue to see class as a barrier to success, according to new research from accounting firm BDO. A third of young people from lower socio-economic backgrounds believe a lack of networks in their chosen fields could have a negative effect on their careers, BDO’s poll of 1,000 workers shows. [...]
Revolut under pressure to improve internal controls following audit watchdog’s report September 5, 2022 Revolut is facing pressure from its auditor, BDO, to improve its internal processes, after the UK’s audit watchdog raised concerns about BDO’s audit of the London fintech company’s accounts. The fast-growing fintech firm is facing scrutiny from BDO, following a report from the UK Financial Reporting Council’s (FRC’s) in July that warned BDO’s audit of [...]
BDO bolsters audit practice with 600 new trainees following watchdog’s damning criticism September 5, 2022 Accountancy firm BDO has hired 600 new trainees, including 400 to its audit practice, after the UK’s accountancy watchdog slammed the challenger firm over the “unacceptable” quality of its audits. The world’s fifth largest accounting firm will take on board 600 school leavers and university graduates at its offices across the country, with almost half [...]
Auditor BDO quits Tory co-chair’s concierge service Quintessentially August 17, 2022 BDO is reportedly resigning as auditor of Quintessentially, the members-only concierge service founded by Tory party co-chair Ben Elliot, following a breakdown in their relationship. The auditing firm has cut ties with Quintessentially’s travel service, and is also set to exit its relationship with the wider group, the Financial Times reported. BDO declined to comment on the report. [...]