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BDO Bedrijfsrevisoren - BDO Réviseurs d’Entreprises
Belgium · BDO International Limited · Triennially Inspected
- Inspection year
- 2023
- Report date
- 21-Nov-2024
- PCAOB release
- 104-2025-002
- Audits reviewed
- 2
- Audits w/ Part I.A deficiencies
- 1
- Part I.A deficiency rate
- 50%
- Part I.A deficiencies
- 2
- Part I.B deficiencies
- 4
- Report
- View PDF ↗
Deficiencies (2)
Grouped by issuer and in the same order as the PCAOB report, so each item ties back directly to the source.
Issuer A2 deficiencies
| # | Area | Deficiency | Standard | Flags |
|---|---|---|---|---|
| 1 | Significant Transactions | The firm's approach for substantively testing the valuation of a significant transaction was to test the issuer's process which included the use of projected financial information developed by the issuer using significant assumptions related to sales volume for the forecasted period. The firm did not sufficiently evaluate the reasonableness of these assumptions because it limited its procedures to inquiry of management and review of internal plans without taking into account the issuer's ability to carry out its planned course of action. (AS 2501.16 and .17) Financial statement audit only | AS 2501.16; AS 2501.17 | Significant risk |
| 2 | Revenue | The firm did not perform procedures to test or test any controls over the accuracy and completeness of certain issuer-produced system-generated data used in its substantive testing of revenue. (AS 1105.10) Financial statement audit only | AS 1105.10 |