Ac­coun­tants BDO fined over AmTrust au­dit

The Daily Telegraph - Business - - Business -

Ac­count­ing com­pany BDO has been fined £200,000 for fail­ing to live up to the tech­ni­cal stan­dards when it au­dited in­surance com­pany AmTrust Europe half a decade ago. The fine, which was re­duced to £160,000 as BDO ad­mit­ted the wrong­do­ing, came along­side a rep­ri­mand and a re­quire­ment to set up a new train­ing pro­gramme for its staff.

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