Paul Munter, chief accountant of the United States Securities and Alternate Commission (SEC), has launched an announcement warning accounting firms of their responsibilities to the agency when working with crypto firms. Allowing their finding to be misrepresented would possibly additionally maintain serious consequences, he mentioned.
Crypto firms would possibly additionally have interaction accountants to “damage some kind of study of definite facets of their industry, in general equipped as a purported ‘audit’” and falsely show the work as being resembling a monetary commentary audit, Munter wrote. Doing so is now now not solely deceptive, alternatively it’ll maintain correct licensed responsibility.
Proceed Studying on Coin Telegraph
