BDO Fined £6.5M for Audit Fraud

BDO, a major accountancy firm, faces a £6.5 million fine from the UKs audit watchdog, FRC, due to a senior managers fraudulent activities. Amanda Nightingale, a former senior manager, forged signatures and inserted fake audit evidence into company reports, going undetected for years. Two partners were also fined for approving these reports. This sanction follows previous criticism of BDOs audit work quality, and the firm vows to strengthen its systems and controls.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.