The statement comes months after criticism of a public partial accounting report of Binance's books, which led to an accounting firm pulling the report from its site and ceasing work with crypto clients.
The SEC’s chief accountant issued a warning to accounting firms that work with crypto clients, saying auditors could be held legally liable for misleading public statements made by their clients.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
“Following the recent waves of scandal and insolvency in the crypto industry, there has been a renewed focus on the firms, including accounting firms, that have been retained by companies in the crypto-asset space—in particular, crypto asset trading platforms,” said SEC Chief Accountant Paul Munter in aon Thursday.
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