In a reflection of the growing strength of the BDO international network, a German-led team of BDO firms – including the UK and the US – has won its largest ever international audit client.
Announced this morning to the market, Dax-30 listed software group, SAP has decided to propose BDO as the auditor for the 2023 financial year. SAP is the world's largest provider of business software and, in terms of market capitalization, the leader in the DAX-30.
Holger Otte, BDO Executive Board Chairman in Germany, said: "The ongoing development of our audit approach, the investments in quality and modern technologies as well as the alignment of structures and processes to the needs of our customers are the key to this great success. I would like to thank our employees, whose commitment enabled this success."
According to SAP, BDO has a "modern and innovative audit concept". Christopher Sessar, Chief Accounting Officer SAP: "BDO convinced us in many ways during the selection process. That includes, among others, the excellent expertise in complex accounting and tax issues, the deep understanding of the SAP business model and the modern and innovative audit concept. We are confident that with BDO we have chosen a very good auditor for SAP and are now pushing the transition process forward together”.
Paul Eagland, Managing Partner of BDO UK, said: “Audits are becoming increasingly global and complex. By winning the international audit of SAP we are demonstrating BDO’s ability to tackle these complex projects and that we have the technology and expertise to deliver across borders”.
Accountancy and business advisory firm BDO LLP provides integrated advice and solutions to help businesses navigate a changing world.
Our clients are Britain’s economic engine – ambitious, entrepreneurially-spirited and high-growth businesses that fuel the economy.
We share our clients’ ambitions and their entrepreneurial mind-set. We have the right combination of global reach, integrity and expertise to help them succeed.
BDO LLP operates in 18 offices across the UK, employing 6,000 people offering tax, audit and assurance, and a range of advisory services. BDO LLP is the UK member firm of the BDO international network.
BDO’s global network
The BDO global network provides business advisory services in 167 countries, with 91,000 people working out of 1,658 offices worldwide. It has revenues of $10.3bn.
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