Tilsynsrapport - BDO AS

While the inspection was limited in scope, it underscores the regulator's sharpened focus on audit quality in areas requiring significant professional judgement. For compliance teams at audit firms, this is a reminder to review methodologies, documentation, and quality controls around going concern and deferred tax asset assessments. For audit committees and boards, it reinforces the need for robust challenge of management assumptions and clear disclosure.

Key actions include refreshing training on ISA 570 and deferred tax recognition, conducting internal file reviews, and ensuring workpapers evidence sufficient challenge. Firms that demonstrate strong audit quality may gain a competitive advantage, while those failing to act face heightened supervisory and reputational risk. RegCanary will continue to monitor follow-up actions.