BDO chief pledges fight over ‘falsehoods’ on First Brands work
Firm leader says auditor may face years of scrutiny and will take ‘decisive action to protect our reputation’
Firm leader says auditor may face years of scrutiny and will take ‘decisive action to protect our reputation’

Former executive told investigator examining company’s failure that audit firm had ‘most unsophisticated’ process

Move comes amid downturn for professional services after hiring spree during pandemic

Bank denies earning undisclosed fees on financing provided to auto parts supplier through ‘side letter’

Much of their time is spent appeasing and aligning competing forces

The company is relying on a $48mn infusion from automakers to continue operating

Chief trust officers are being appointed to oversee digital safeguards but their significance is wider