The audit conducted by BDO included language indicating revenue numbers “may be materially misstated” and overdue accounts from 2021 may also paint a murkier picture than presented by the company. Revolut's statement regarding the audit said it hired its own lawyers who confirmed “the financial statements give a true and fair view” of its fiscal health.
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Revolut Raised Eyebrows with 'Bizarre' Audit Response
Fintech Revolut is taking some heat for issuing a response to what many are calling a critical audit that appears to ignore several red flags cited in the review of the company’s finances. So reports The Financial Times.
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