BDO in spotlight as Healthcare Locums restates accounts
FRC could investigate BDO's role in signing off accounts at medical recruitment firm
BDO, AUDITOR of troubled medical recruitment firm Healthcare Locums (HCL), may face an investigation by the Financial Reporting Council into the role it played in signing off accounts.
HCL recently revealed it will restate accounts going back as far as 2008 after it discovered “accounting problems”, The Telegraph reports.
Questionable transactions include a deal under which HCL bought a business from the husband of its founder and ex-chief executive, Kate Bleasdale.
Bleasdale has been blamed for the accounting problems but she denies responsibility, saying it was her who first discovered them.
BDO declined to comment on the investigation, saying it would be inappropriate “pending the outcome of the investigations currently being carried out by HCL and their advisors”.