The company said that the US Attorney’s office for the Southern District of New York had opened a preliminary criminal investigation into the business and that the Securities and Exchange Commission’s Florida office, which is conducting its own informal inquiry, would co-ordinate its activities with the new inquiry.
The company did not disclose what the investigations were centred around but seem likely to follow a similar line to French investigations, which are examining whether the firm published false accounts in 2000 and 2001 in order to hide the true nature of its financial situation.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016