auditing

Revolut
Revolut Said to Be Under Pressure From Regulator Over Risk of 'Material Misstatement' in Auditing: Report
The auditor of Revolut, a digital bank that earns up to 10% of revenue from crypto trading, was criticized by the U.K. accountancy and auditing watchdog, the Financial Reporting Council (FRC).
Revolut

Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Twitter/Bitfinex, modified by CoinDesk)
Stablecoin Issuer Tether Dismisses Wall Street Journal's Claim of Inadequate Reserves
The newspaper reported that the firm's assets outweigh its liabilities by just $191 million, implying a relatively "thin cushion of equity."
Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Twitter/Bitfinex, modified by CoinDesk)

DO NOT USE: Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Credit: Twitter/Bitfinex, modified by CoinDesk)
New Auditor for Stablecoin Issuer Tether Confirms Slashing of Commercial Paper Holdings
BDO Italia said the holdings fell 58% to $8.5 billion at the end of the most recent quarter.
DO NOT USE: Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Credit: Twitter/Bitfinex, modified by CoinDesk)

(Alexandre Lores, CoinDesk TV, modified by CoinDesk)
Tether ‘Transparency Is Needed’ Following Terra’s UST Collapse: Analyst
The director of blockchain market research Quantum Economics said during CoinDesk TV's "First Mover" that Tether should be more transparent about “what they actually hold on their balance sheets.”
(Alexandre Lores, CoinDesk TV, modified by CoinDesk)

PwC
PwC Switzerland Incorporates ChainSecurity Team to Expand Blockchain Audit Tools
Officially, it’s not an acquisition. But seven technical engineers are joining the accounting firm to bolster its smart contract auditing abilities.
PwC

code analysis
Firm That Monitors USDC Stablecoin Audited Over $10 Billion in Client Assets
Grant Thornton audited more than $10 billion spread over 40 cryptocurrencies in more than 100 million addresses.
code analysis

audit time
When the Dust Settles: The Bitfinex Probe Reveals Structural Weaknesses
The Bitfinex probe highlights not just the lack of reliable banking, but also – somewhat overlooked – the lack of auditing services, says Noelle Acheson.
audit time

money magnifying glass
TrueUSD Stablecoin to Add 'Real Time' Monitoring of Dollar Backing
TrustToken has announced a new partnership that it says will allow a "real-time" view of the U.S. dollars backing its TrueUSD token.
money magnifying glass

Dollars
Documents Suggest Tether Has Fiat Funds to Back Stablecoin: Report
Tether Ltd. may have the cash reserves to back up its 1.8 billion dollar-pegged tokens, says Bloomberg.
Dollars

bills
All 'Big Four' Auditors to Trial Blockchain Platform for Financial Reporting
The world's four biggest auditing firms will join 20 banks to trial a blockchain service for validating public companies' financial reports.
bills