2min chapter

The Accounting Podcast cover image

2023 Predictions for the Accounting Profession

The Accounting Podcast

CHAPTER

Crypto Exchanges Are Exploiting the Relationship, Not the Services

I've been saying months ago that the accounting firms are being exploited by the crypto market. And now the Washington Post had an article and here's straight up, they say Wall Street's top regulator is warning investors to be wary of how crypto firms promote the off and narrow work done by accounting firms. I just think that obviously blame the perpetrators of the fraud. But where was the AS EPA warning people about this stuff? Where were the accounting organizations saying, hey, don't rely on these proof of reserves reports because they provide no assurance?"

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