BDO Spicers cuts $18.5 mln deal over Capital + Merchant claim

Thu, 26 Jun 2014

June 26 (BusinessDesk) – Audit firm BDO Spicers has agreed to an $18.5 million settlement of a claim against it from the liquidator of failed lender Capital + Merchant Finance. The agreement is a full and final settlement of claims relating to the audits of the company’s 2006 and 2007 financial statements without an admission of liability on the part of auditor BDO, according to a statement by the Insolvency and Trustee Service, a business unit of the Ministry of Business Innovation and Employment. Capital + Merchant was placed into liquidat...

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