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Auditing Apathy With Ron Baker

The Accounting Podcast

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FTX - Proof of Reserves Reports

The only way I can get paid is if I sell my hands. We're on that fee for service treadmill, just like the doctors are. It sounds like really only two actual audits that happened of FTX in 2021. In many cases, the clients were actually saying we got an audit when all they got was an attestation report. Really the reports don't mean anything. They provide no assurance.

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