The Financial Reporting Council (FRC) in the UK has imposed penalties on BDO LLP and two of its former audit partners, John Everingham and Kevin Cook, after both the firm and individuals admitted to “misconduct” linked to a series of audit shortcomings. Following an investigation, formal complaints were filed against BDO, Everingham, and Cook in April 2025. The probe was triggered by findings that a senior manager at BDO committed dishonest activities across several audits between 2015 and 2019. These a ...