SEC Pursues Accounting Firm Over Cryptocurrency Exchange FTX's Audit Affairs

The United States Securities and Exchange Commission (SEC) is now in legal tussle with Prager Metis, an accounting company. The primary reason is that the firms involvement with the cryptocurrency exchange FTX prior to the latter declaring bankruptcy. On September 29, the SEC pointed out that Prager Metis dabbled in both auditing and accounting for its clientele, a move that stands in violation of the guidelines which demand distinct separation of these services. The SECs contention is rooted in the intertwined delivery of these services by Prager Metis for close to three years. The...

source: https://tokenpost.com/SEC-Pursues-Accounting-Firm-Over-Cryptocurrency-Exchange-FTXs-Audit-Affairs-10749

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