Ifølge U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, USA. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter explained to the Wall Street Journal (WSJ) on Dec. 22.
Indhold
SEC Official Warns Investors Should Be ‘Wary’ of Proof-of-Reserve Audits and Crypto Exchange Claims
OS. regulatorer, and more specifically the Securities and Exchange Commission (SEK), are looking more closely at proof-of-reserves (POR) these days following the collapse of FTX. Speaking with the WSJ on Thursday, SEC’s acting chief accountant, Paul Munter, explained that investors should not put much faith in POR audits and claims. SEC is concerned that investors “may be getting a false sense of reassurance from the firms’ reports,” the WSJ report detailed.
“We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter explained. “Investors should not place too much confidence in the mere fact a company says it’s got a proof-of-reserves from an audit firm,” the SEC accountant stressed. Munter continued:
[A POR audit] is not enough information for an investor to assess whether the company has sufficient assets to cover its liabilities.
The commentary from Munter follows the POR concept gaining traction among crypto exchanges since FTX collapsed. Companies like Okx, Binance, Crypto.com, Huobi, and others have released POR audits but some were met with controversy. desuden, on Dec. 16, Bitcoin-Tidings.com Nyheder rapporteret on the accounting agency Mazars Group after it revealed it would no longer provide crypto exchange audits. Binance’s POR audit completed by Mazars was also removed from the web.
“We are increasing our understanding of what’s going on in the marketplace,” Munter told the WSJ. “If we find fact patterns that we think are troublesome, we will consider a referral to the division of enforcement.”
Derudover, after Mazars Group said it would not offer POR audits to crypto exchanges, a spokesperson for the auditing firm BDO sagde that week it is contemplating which kinds of customers to take on. University of Texas professor Jeffrey Johanns believes auditing firms are doing the right thing by being reluctant to offer crypto firms auditing services. “The Big Four firms have…rightly decided the risks [of auditing crypto companies] are extremely high,” Johanns told the WSJ.
What do you think about the SEC’s acting chief accountant and his comments about POR audits? af den digitale valutaøkonomi med.
Billedkreditter: Shutterstock, Pixabay, Wiki Commons
Ansvarsfraskrivelse: Denne artikel er kun til informationsformål. Det er ikke et direkte tilbud eller opfordring til et tilbud om at købe eller sælge, eller en anbefaling eller godkendelse af produkter, tjenester, eller virksomheder. Bitcoin-Tidings.com giver ikke investeringer, skat, gyldige, eller regnskabsrådgivning. Hverken virksomheden eller forfatteren er ansvarlig, direkte eller indirekte, for enhver skade eller tab forårsaget eller påstået at være forårsaget af eller i forbindelse med brugen af eller tilliden til noget indhold, varer eller tjenesteydelser nævnt i denne artikel.
Læs ansvarsfraskrivelse