Elizabeth Warren Takes Aim at 'Shady' Crypto Audits in Letter to Accounting Oversight Board

Senators Warren and Wyden argue that more has to be done to hold PCAOB-registered audit firms accountable for their work with crypto clients.

• 2023-03-22
• Elizabeth Warren Ron Wyden Erica Williams PCAOB Prager Metis auditing firms SEC-registered

U.S. Senate’s Warren Calls for Crackdown on ‘Sham’ Crypto Audits

Sen. Elizabeth Warren (D-Mass.) and another prominent colleague urged the U.S. auditing watchdog to take action against “sham audits” of crypto companies, citing the contribution of such audits to the recent stresses in the U.S. banking system.

• 2023-03-22
• Sen. Elizabeth Warren Erica Williams PCAOB Ron Wyden Public Company Accounting Oversight Board Senate Finance Committee U.S. Securities and Exchange Commission Senate Banking Committee

Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog

Proof-of-reserve reports routinely touted by crypto firms to assure customers that their financial transactions are in secure hands shouldn’t be trusted, according to the U.S. organization that oversees auditing standards

• 2023-03-09
• Public Company Accounting Oversight Board PCAOB financial transactions reserve holdings