Revolut’s 2021 Annual Report Raises Issues with Accuracy

    Revolut, a fintech company that offers crypto-friendly services, recently released its annual report for the year 2021. The report showed that Revolut’s revenue increased significantly to £636 million ($769 million), up from the previous year’s £220 million ($266 million), marking its first-ever full year of profit since its launch in 2015.

    However, the annual report has faced some issues. Independent auditors from the global accounting network BDO have reviewed the report and confirmed its accuracy as of Dec. 31, 2021. Yet, the auditors noted qualifications related to the report, which could impact its accuracy.

    BDO’s qualified opinion section stated that the report was correct “except for the possible effects of the matters described in the basis for the qualified opinion section.” This suggests that certain factors could affect the accuracy of the report, which the auditors have identified and highlighted.

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