BP appeals McGladrey audit findings, says auditor should release interim reports on Deepwater Horizon payment investigation | Louisiana Record

BP appeals McGladrey audit findings, says auditor should release interim reports on Deepwater Horizon payment investigation | Louisiana Record

NEW ORLEANS – BP PLC is demanding to see the work product of an independent audit of the Deepwater Horizon claims operation, saying the $14 million investigation overlooked serious flaws in the court appointed claims administrator’s operation.

The appeal to the U.S. Fifth Circuit Court of Appeals seeks more information and earlier drafts of the audit performed by McGladrey LLP, which was initially budgeted at about $1.4 million but ballooned in cost to 10 times that.

Though BP paid for the audit, U.S. District Judge Carl Barbier rejected the oil giant’s request to make information underpinning the investigation part of the court record, maintaining it would serve no public purpose. BP has long claimed the Deepwater Horizon settlement fund is administered poorly and is open to fictitious and fraudulent claims. The company says that Claims Administrator Patrick Juneau is unfit to administer the settlement and should be removed."



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