revolution beauty group plc said thursday that its auditor bdo llp has identified a number of serious concerns in its fiscal 2022 audit and is unable to sign the report and it expects to miss fiscal 2023 market views the londonlisted beauty company said that bdo identified concerns regarding among others the companys ability to provide sufficient and accurate evidence in respect of a number of key audit areas and the validity of certain commercial arrangements revolution said it has appointed macfarlanes llp and forensic risk alliance to commence an independent investigation and it formed an investigation committee headed by nonexecutive director derek zissman and elizabeth lake chief financial officer since june the company said it was difficult to establish an investigation timeline but it may take several months we are taking bdos concerns very seriously and will conduct a full and independent investigation mr zissman said the company also said that owing to macro headwinds it expects fiscal 2023 results to materially miss market views and previous guidance of net sales of 215 million to 225 million pounds 2420 million2532 million shares have been suspended since sept 1 owing to the delay in publishing its fiscal 2022 results the company warned on aug 19 that it didnt expect to report its earnings for the year ended feb 28 by the aug 31 deadline