BDO LIMITED 香港立信德豪會計師事務所有限公司

HKICPA fines BDO, Lam Pik Wah and Lesley Yeung Kit Yam HK$25k each
HKICPA, 7-May-2020
For bad work on the 2013 audit of China Energy Development (0228).
Combest (8190) auditor BDO resigns, claiming disagreement on fees
Company announcement, 6-Aug-2019
This comes 2 months after the SFC suspended the stock.
HKICPA fines BDO Ltd, Amos Li Wing Yin & Alvin Au Yiu Kwan HK$50k in total
HKICPA, 26-Mar-2019
Mr Au was also fined last June for his work at Baker Tilly on the 2006 audit of Egana, a US$1bn fraudulent company which collapsed following our whistle-blowing article in 2007. This time the fine relates to the audit of impairment of goodwill at Rosan Resources (0578) at 31-Dec-2012. Mr Li has since moved on to be a director of Moore Stephens CPA Ltd.
Charles Li v SEHK and various listed companies and auditors
HK Court of First Instance, 28-Jun-2016
There is not a single listed company amongst the defendants in which we would invest.
HKICPA fines BDO Ltd & Mr Choi Man On HK$30k each over Birmingham International (2309) circular
HKICPA, 7-Oct-2014
Mr Ng Shiu Hong fined HK$30k + costsThe circular
HKICPA, 1-Sep-2014
This probably relates to the circular by Siberian Mining (1142, then Rontex) dated 31-Dec-2008 regarding the Very Substantial Acquisition for US$253m of Langfield Enterprises Ltd, which owned 70% of a company which owned a Russian coal mining licence. Mr Ng's then firm Shu Lun Pan Horwath was the reporting accountant. The firm merged into BDO Ltd on 1-May-2009, where Mr Ng remains a director. On 16-Jul-2013 he was appointed by the HK Government to the Financial Reporting Review Panel.
BDO's meaningless study
The GIGO principle is at work in an SCMP article on a BDO "study" today. (5-Aug-2013)

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