Accounting Standards
Mazars and BDO audits deemed ‘unacceptable’ by FRC
The findings come from the regulator’s annual inspection and supervision results of the largest audit firms, which found that overall, 75% of audits inspected were good or required limited improvement
The Financial Reporting Council (FRC) has dubbed the audits of challenger firms Mazars and BDO “unacceptable” in its annual inspection and supervision results of the largest audit firms.
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