Crypto Fraud Could Fall On Auditors' Heads, SEC Warns

By Jessica Corso

Accounting firms could find themselves subject to a fraud investigation conducted by the U.S. Securities and Exchange Commission if they refuse to denounce statements made by cryptocurrency clients overstating the rigorousness of partial audits, the agency's lead accountant has warned.

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https://www.law360.com/compliance/articles/1705131?nl_pk=e8718aa1-2adc-4c2d-8e21-50ac9491223a&utm_source=newsletter&utm_medium=email&utm_campaign=compliance&utm_content=2023-07-31&read_main=1&nlsidx=0&nlaidx=13