THE AUDITORS of Birmingham City FC’s parent company have resigned from the role with immediate effect.
In a statement to the Hong Kong Stock Exchange, Birmingham International Holdings (BIH) said that BDO had resigned as auditor citing reservations about the company.
In a letter from BDO’s Hong Kong office, the auditor said it had been unable to obtain consistent, reliable and complete audit evidence and that it had reservations about the effectiveness of corporate governance and the system of internal controls at the company.
As a result of BDO’s resignation, BIH said there would be another delay in publishing its accounts, dating back to June 2010.
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