Tag: Prager

FTX’s Downfall Couldn’t Have Happened Without SBF’s Fraud – Or Prager Metis’ Audit Failure

FTX’s Downfall Couldn’t Have Happened Without SBF’s Fraud – Or Prager Metis’ Audit Failure

Auditing standards require at a minimum that auditors understand the entity and its environment, that it has the competency and independence to perfor [...]
FTX’s Accounting Firm Prager Metis to Pay SEC $1.95M to Settle Negligence Allegations

FTX’s Accounting Firm Prager Metis to Pay SEC $1.95M to Settle Negligence Allegations

“Because Prager’s audits of FTX were conducted without due care, for example, FTX investors lacked crucial protections when making their investment de [...]
Former FTX Auditor Prager Metis Sued by U.S. SEC for Hundreds of Alleged Violations

Former FTX Auditor Prager Metis Sued by U.S. SEC for Hundreds of Alleged Violations

“Auditor independence is critical to both protecting the integrity of financial reporting and promoting public trust. As alleged in our complaint, ove [...]
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