Audit Financial News
28.11 / 16:59
28.11 / 16:41
audit
Audit regulator unfairly dismissed ‘exhausted and stressed’ employee, tribunal finds
The UK’s audit watchdog unfairly dismissed one of its staff who was suffering from stress when it made her redundant last year, a tribunal has ruled.
24.11 / 16:27
24.11 / 00:49
business
Blockchain
Technology
reserves
audit
OKX releases Proof of Reserves page, along with instructions on how to self-audit its reserves
Crypto exchange OKX has released a Proof of Reserves page that allows users to audit its reserves to make sure it is solvent. This comes at a time when crypto exchanges are coming under greater scrutiny after the collapse of FTX. OKX announced the new page in a tweet, as well as on its blog.
18.11 / 00:07
Twitter
Terra
Bitcoin
audit
Terra Luna Audit Results: 80,000 Bitcoin Worth $2.8 Billion Used to Defend Peg – Here’s What You Need to Know
Terra (LUNA) founder Do Kwon and the Luna Foundation Guard (LFG) spent as much as 80,000 bitcoin, worth a whopping $2.8bn, to defend the algorithmic stablecoin UST’s dollar peg, a new audit report has revealed.
16.11 / 21:35
business
Stablecoin
Fraud
Terraform Labs
audit
Terra Labs, Luna Guard commission audit to defend against allegations of misusing funds
The Luna Foundation Guard (LFG) and Terraform Labs (TFL) commissioned a technical audit of their efforts to defend the price of TerraUSD (UST) between May 8 and 12, 2022. The audit was intended to answer “allegations posed in social media” about the fate of funds transferred during efforts to defend the UST dollar peg, according to the LFG blog.
14.11 / 17:11
audit
KPMG UK to pay £5m to settle claim from ex-audit client Watchstone
KPMG UK is to pay nearly £5m to Watchstone to settle a claim over alleged failings in its audit of insurance outsourcer Watchstone in 2013.
28.10 / 00:07
business
Blockchain
Technology
defi
audit
Team Finance exploited for $14.5M during protocol migration despite contract audit
On Oct. 27, decentralized finance (DeFi) lockup protocol Team Finance said that over $14.5 million worth of tokens were exploited through the Uniswap v2 to v3 migration function on its platform. As told by blockchain security firm PeckShield, the hacker transferred liquidity from Uniswap v2 assets on Team Finance to an attacker-controlled v3 pair with skewed pricing. By locking tokens to the contract, the attacker bypassed existing validation mechanisms and pocketed the huge leftovers as a refund for profit.
20.09 / 20:03
audit
Why EY’s split of audit and consulting arms will be messy
Ernst & Young’s tax experts bring in lots of cash and are highly valued by the firm’s clients. Many members of the 70,000-strong group don’t know where they will be working next year, or if they will be competing against each other.
12.09 / 16:47
Landmark
audit
EY split: How the consulting and audit giant reached a landmark plan to separate
After months of wrangling executives at professional services giant EY gave the green light to split the firm in two last week.
11.09 / 04:11
10.09 / 02:07
Blockchain
Ethereum
Platform
coinbase
network
audit
Uniglo (GLO) Will Launch On Uniswap (UNI) On Ethereum (ETH) Network With Paladin Audit Pass
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.
05.09 / 23:37
regulation
audit
UK regulators target Revolut for 'material misstatement' in audit: Report
The United Kingdom’s Financial Reporting Council has reportedly found flaws in the audit of cryptocurrency-friendly payments app Revolut tha included an “unacceptably high” risk of “material misstatement.”
29.08 / 07:17
Provident
Cooper
SEC
MSCI
audit
Delisting risk for U.S.-listed Chinese stocks nearly halves after regulators reach audit agreement, Goldman says
BEIJING — The risk of Chinese stocks delisting from U.S. exchanges has nearly halved after regulators reached an audit agreement, Goldman Sachs analysts said in a report Monday.
19.08 / 09:57
audit
Audit regulator tightens rules with new register
The Financial Reporting Council is set to gain greater control over auditors with a register that will determine who can audit the financial statements of large listed companies or financial institutions — so-called public-interest entities — and who cannot.
08.08 / 11:49
PwC
audit
PwC fined £2.5m over BT fraud audit failures
PwC has been fined £2.5m by the audit watchdog for its failures following the discovery of a massive fraud in telecom company BT’s Italian unit in 2016.
29.07 / 14:39
audit
EY plan to split audit and consulting arms slowed down by leadership shifts, debt
Ernst & Young’s effort to split its audit and consulting businesses has been slowed by a change in its US leadership, as well as complications over its multibillion-dollar debts, according to people familiar with the matter.
28.07 / 09:03
reform
audit
SEC’s Gensler slams sluggish pace of audit reform
Securities and Exchange Commission chair Gary Gensler said the US audit regulator has been slow to update its rules, in a speech marking the 20th anniversary of the law that created it.
20.07 / 10:55
audit
EY audit quality slides ahead of potential split
Audit quality at EY’s UK arm fell last year, according to an inspection from audit watchdog the Financial Reporting Council.
11.07 / 18:19
business
Stablecoin
Circle
Backed
audit
KPMG to audit new pound-backed stablecoin GBPT
Fintech firm blackfridge has launched a new stablecoin that is fully backed by the British pound (GBP), potentially opening the door to wider adoption of digital assets in the United Kingdom and its Crown Dependencies.
28.06 / 14:59
settlement
Fine
audit
EY to pay $100m settlement fine over audit employees cheating CPA exams
WASHINGTON — Ernst & Young agreed to pay a record $100m fine and to admit that some of its auditors cheated on required ethics exams in recent years, according to a settlement order released on 28 June.
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