Audit

The board voted yesterday that local authorities are not obstructing its ability to conduct inspections in the mainland and Hong Kong.

A proof of reserves report, based on a snapshot review by Mazars, showed the exchange having sufficient crypto assets to balance its total platform liabilities, but acknowledged limitations.

Traders move to take custody of their tokens despite a proof of reserves audit amid revelations that rival FTX may have misused customer funds.

The board is stepping up its enforcement activities with a mostly new slate of board members.

In this edition of the Frontier, Marcum's CIO talks about how the audit solutions market may evolve in response to recent trends.

As PCAOB inspections in China move forward, U.S. auditors should use caution in engagements with Chinese-based companies.

Auditing firms have been relying increasingly on outside specialists for audit engagements since the Public Company Accounting Oversight Board unveiled a new standard governing their use.

Business executives are anticipating a number of risks in 2023.

The board is finding deficiencies in about one-third of the audits it inspected in 2021.

The average number of critical audit matters per audit report has declined over time, while the proportion of audit reports that communicate only a single CAM has increased.