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Jeremy faces a grilling
Everything in the world of accountancy is going a bit ‘blogtastic’ with Jeremy Newman’s new blog on all that is BDO.
One reader of Jeremy’s musings took the opportunity to put the BDO chief on the spot over TS’s point about BDO’s auditor; one PricewaterhouseCoopers.
TS had wondered why a firm so keen on pushing audit choice and the merits of mid-tier auditors was employing the UK’s biggest firm.
‘Obviously in an ideal world we would have BDO Stoy Hayward as our auditor,’ was Jeremy’s response to the online question. ‘Seriously, the issue for us was do we give our audit to a direct competitor… or do we go to a ‘Big Four’ firm with the possible consequence it implies something about our view of others? …At the time of course the current ‘competition & choice’ debate had not even started.’Of course, PwC is now a direct competitor. Isn’t it? A bit of auditor rotation around the corner for BDO perhaps?
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