Inogen ditches accounting firm in wake of investigation

Tuesday, August 25, 2015

GOLETA, Calif. – The board of directors at Inogen has dismissed BDO USA as the independent registered public accounting firm auditing the company’s financial statements, according to a recent Form 8-K filed with the Securities and Exchange Commission. In its place, Inogen has engaged Deloitte & Touche. The change follows an investigation into an accounting issue that delayed the company’s earnings for the fourth quarter last year. In the form, Inogen says “there were no disagreements with BDO on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.” The company says the accounting issue was due to a “lack of adequate controls that resulted in the improper use of technology to simulate medical documentation in 2014 and the first quarter of 2015.”