View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
May 23, 2012

The PCAOB rejects BDO Switzerland registration

The PCAOB has rejected BDO Switzerland’s request to register with it following a violation by the firm of the Sarbanes-Oxley Act (SOX).

The oversight body said the Swiss firm was not registered with it when auditing a number of firms between 2009 and 2010, which violated section 102 of SOX and as a result the firm has also paid a settlement, which has been accepted.

PCAOB said BDOs violations resulted from the firm’s failure to exercise the degree of care that the board would expect of a public accounting firm under the circumstances.

BDO will be allowed to resubmit registration after February 19 2013 but the PCAOB said it “will not issue a notice of hearing to determine whether to approve or disapprove such application based solely on the violations that are the subject of the findings contained in this order”.


NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to International Accounting Bulletin