Tag: Deloitte

Audits Are A Problem: PCAOB Report Reveals The Poor Work Of The Big Four Auditors!

Auditors tamir - August 3, 2023

Audits performed by international accounting firms are becoming progressively more defective, posing a threat to investors' decision-making capabilities. A U.S. Public Company Accounting Oversight Board (PCAOB) report revealed that approximately 40% of the audits they reviewed in 2022 were so deficient that the auditing firms lacked adequate evidence to support their opinion on clients' financial statements or financial reporting.

Promising: Stablecoin Tether Will Be Audited By BDO Italia!

Compliance Ben - August 18, 2022

Tether Holdings Ltd, the disputed issuer of the world’s largest stablecoin Tether (USDT), retained BDO Italia, the Italian arm of the world's fifth largest accounting firm, to issue assurance and attestation reports of its reserves. Tether has previously worked with two Cayman Islands-based accounting firms, Moore Cayman and MHA Cayman. In 2021, Tether settled with the New York Attorney General's office with an $18.5 million an investigation into the company's practices.

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