Revolut CFO quits after auditor BDO warning
standard.co.uk
Revolut CFO quits after auditor BDO warning
1–10 of 78 posts
Re: Revolut CFO quits after auditor BDO warning
#2Re: Revolut CFO quits after auditor BDO warning
#3That is pretty bad, it sounds like a criminal investigation should start immediately.
Re: Revolut CFO quits after auditor BDO warning
#4Punchline: “IT systems weren’t designed in such a way that would allow for IT or business process controls to be effectively tested throughout the year.”
Re: Revolut CFO quits after auditor BDO warning
#5Punchline: “IT systems weren’t designed in such a way that would allow for IT or business process controls to be effectively tested throughout the year.”
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Re: Revolut CFO quits after auditor BDO warning
#6Oh boy
Re: Revolut CFO quits after auditor BDO warning
#7That is pretty bad, it sounds like a criminal investigation should start immediately.
For what crime?
Re: Revolut CFO quits after auditor BDO warning
#8Re: Revolut CFO quits after auditor BDO warning
#9That is pretty bad, it sounds like a criminal investigation should start immediately.
For what crime?
Failing an audit doesn’t mean there is crime.
But it is like a smoke alarm going off. It doesn’t mean there is a fire but there could be.
This company is so big that it should have a mature infrastructure for this type of thing. It is quite strange and thus suspicious that it is running its business is a haphazard way that it can not be effectively audited.
Re: Revolut CFO quits after auditor BDO warning
#10That is pretty bad, it sounds like a criminal investigation should start immediately.
For what crime?
Typically it’s against the law to file/maintain false business records, and to the extent that they raised money based on inflated financials that would typically be some sort of fraud