BDO RAPPED FOR LACK OF AUDIT EVIDENCE RELATING TO REVENUE

摘要

BDO has been pulled up on several Issues In the latest inspection of its audits by the national regulator. These range from ensuring more audit procedures are performed for audit of revenue to improving testing of controls and having more targeted testing of journals, among other issues. The FRC inspectors reviewed eight audits and ruled that half of the audits under inspection were good with limited improvements, while the remaining four required improvements. None of the audits reviewed were assessed as requiring significant improvement.