The UK’s Financial Reporting Council has imposed sanctions under the accountancy scheme against BDO LLP and two former audit engagement partners, John Everingham and Kevin Cook, following admissions of misconduct, according to a statement.
- BDO sanction of £6.5M reduced to £5.85m after application of a 10% settlement discount
- John Everingham faces sanction of £189,000
- Kevin Cook faces sanction of £90,000
- Follows formal complaints against both individuals in April, subsequent to an investigation into their conduct where a senior manager was able to pursue a “dishonest course of conduct on numerous audits” between 2015 and 2019
- Outcome of investigation into the ...
- Outcome of investigation into the ...