Tag: Audits
U.S. Senate’s Warren Calls for Crackdown on ‘Sham’ Crypto Audits
The Public Company Accounting Oversight Board (PCAOB), which is authorized and overseen by the U.S. Securities and Exchange Commission (SEC) and funde [...]
Euler Finance hacked despite 10 audits in 2 years, says CEO
Ten separate audits conducted over a two-year period of the Ethereum-based lending protocol Euler Finance deemed it to be “nothing higher than low ris [...]
Sen. Warren calls out ‘sham audits’ while SVB threatens crypto bankruptcy
United States Senators Elizabeth Warren and Ron Wyden asked the Public Company Accounting Oversight Board (PCAOB) to hold auditors accountable for fai [...]
Black Americans Are Much More Likely to Face Tax Audits, Study Finds
A new report documents systemic discrimination in how the I.R.S. selects taxpayers to be audited, with implications for a debate on the agency’s fundi [...]
What are proof-of-reserves audits, and how do they work?
With the rising interest in digital assets from institutional and retail investors, custody options have also experienced parallel growth. As a result [...]
First Mover Americas: SEC Scrutnizes Crypto Audits; SBF Gets Bail
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 23, 2022. First Mover is CoinDesk’s daily newsletter that contextualize [...]
SEC Increases Scrutiny of Audits of Cryptocurrency Companies: WSJ
The US Securities and Exchange Commission (SEC) is increasing its scrutiny of audits of cryptocurrency companies and warning both investors and audit [...]
Be ‘very wary’ of crypto proof-of-reserve audits: SEC official
A senior official from the United States Securities and Exchange Commission has warned investors to be “very wary” about relying on a crypto company’s [...]
Report Suggests Tax Audits of Trump Foes Were Random, but Leaves Questions
The I.R.S.’s inspector general said that returns from James Comey and Andrew McCabe were initially part of a randomly generated pool, but that a flaw [...]
Can reserve audits avoid another FTX-like moment?
In the wake of the FTX collapse that came about as a result of the now-bankrupt cryptocurrency exchange funneling user funds to mitigate its own risks [...]
'A Complete Failure of Corporate Controls': What Investors and Accountants Missed in FTX’s Audits
An expert review of FTX’s audited financial statements reveals a series of red flag related-party transactions that should have led to more scrutiny o [...]
Ethereum advances with standards for smart contract security audits
The Ethereum ecosystem continues to witness a flurry of activity that has individuals and organizations deploying token contracts, adding liquidity to [...]
With 87,000 new agents, here’s who the IRS may target for audits
Jeffrey Coolidge | Photodisc | Getty ImagesAs the Democrats' spending plan moves closer to a House vote, one of the more controversial provisions — ne [...]
I.R.S. Says Funding Won’t Mean More Audits for Middle-Income Americans
WASHINGTON — Charles P. Rettig, the Internal Revenue Service commissioner, told Congress on Thursday that the tax collection agency would not increase [...]
Solana and Ethereum smart contract audits, explained
As you might expect, this depends on how complex a smart contract is. According to Hacken, this can extend to $500,000 for larger projects where ther [...]