BF Borgers

BF Borgers is an American accounting firm based in Lakewood, Colorado that specialized in public accounting.

The firm catered to small and microcap companies through discounted fees compared to the Big Four accounting firms.

History
The firm was founded in 2009 by BF Borgers, a former IT consultant who started a second career in accounting.

In 2024, the firm gained notoriety for being the auditor of Trump Media & Technology Group (TMTG).

Staff
In 2023, the firm had approximately 50 staff, of which 10 were Certified Public Accountants (CPAs).

In 2023, the company founder, Ben Borgers, was the most prolific individual auditor of US public companies, attesting to 143 public company audits, more than five times any other accountant in the US.

Canada
In December 2023, the firm was banned by the Canadian Public Accountability Board (CPAB) from accepting new clients in Canada for failure to adhere to Canadian Auditing Standards (CAS).

United States
The firm's founding partner, Ben F Borgers, was criticized for his inconsistent naming in filings, using 14 different spellings including Ben F Brogers, Blake F Borgers, Ben F Vonesh and Ben F orgers, raising concerns over the level of detail audits received.

In 2022 and 2023, the firm had the worst inspection record of any accounting firm overseen by the Public Company Accounting Oversight Board (PCAOB) having a 100% deficiency rate for the 21 audits reviewed.

In March 2024, the firm's founding partner, Ben Borgers, was fined $5000 and issued a "letter of admonition" by the Colorado State Board of Accountancy for conducting retirement plan audits without "due care".

On May 3, 2024, the United States Securities and Exchange Commission (SEC) charged the firm with fraud for 1500 SEC filings, including 500 public companies, between January 2021 through June 2023 for failing to comply with PCAOB standards. The firm received a $12 million fine and a lifetime ban. The firm was found to have falsified audits, fabricated meetings, and concocted work documentation.