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Tag: Audit
Solidproof Completes Security Audit of Flasko Smart Contract
Hackers have turned the DeFi space into their playground, making the sector a scary place for investors and project developers. Sadly, these cybercriminals constantly invent new ways to exploit and si...
Medicare and HSAs don’t mix — what near-retirees need to know
Dear Ms. MoneyPeace, I am retiring this year and trying to understand Medicare. At this point I am covered fully by a company plan. I turned 65 last fall and plan to retire in August or September. Wh...
Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog
These verifications of assets take a simple snapshot and “do not address the crypto entity’s liabilities, the rights and obligations of the digital asset holders, or whether the assets have been borro...
ChatGPT was asked to do smart contract audit; Here’s how it went
The recent launch of the innovative text-based artificial intelligence (AI) project ChatGPT has reinvigorated the public’s interest in the technology as it demonstrated utility across multiple fields,...
PCAOB Receives Pressure to Act as Crypto Firms’ Audit Supervisor
Public Company Accounting Oversight Board (PCAOB) faces pressure to act as cryptocurrency firms’ audit supervisor. This is due to the fact that the majority of cryptocurrencies in the US are unregulat...
LandX Completes Security Audit with Quantstamp, Raising Confidence in Platform’s Security
[PRESS RELEASE – Dubai, United Arab Emirates, 16th February 2023] LandX, the decentralized Perpetual Commodity Vaults Protocol, has announced the successful completion of a security audit conducted by...
Binance’s Audit of Crypto Holdings and Liabilities Not Coming Soon
11 hours ago | 2 mins read Exchange News Binance’s Asia-Pacific president said the audit would take longer than first anticipated. CEO, Changpeng “CZ” Zhao, claims crypto audits are difficult. Followi...
Binance Says Complete Audit of its Finances May Take A While
Binance believes that a complete audit of its finances may take longer than anticipated. The exchange’s former auditor Mazars stopped catering to crypto clients in December 2022. The reputational risk...
Full audit of Binance’s reserves ‘some way off’ – exec
Binance Asia-Pacific head Leon Foong said a comprehensive audit of the exchange’s reserve is not possible in the near term, given the crypto learning curve for big accounting firms, Bloomberg N...
Don’t risk an audit. Here are four reasons the IRS may flag your return
dmphoto | E+ | Getty Images Tax season is underway and there’s been increased scrutiny of the IRS as the agency starts deploying part of the nearly $80 billion approved by Congress in August. W...
US Democrats Warren, Wyden Want to Clamp Down on Crypto Audit
Senators have asked regulators to keep a check on the registered audit firms for their work with crypto clients. The letter also asked the board to inspect defects in the auditing firms that recorded ...
Democrats Ask Watchdog Group To Probe IRS For Failing To Audit Trump’s Taxes
Topline Democrats who were on a House panel that released former President Donald Trump’s tax returns last year asked a government watchdog group Monday to investigate the Internal Revenue Service for...
Top 10 Exchanges that have Released Proof of Reserves Audit
On November 11, 2022, FTX, the third largest cryptocurrency exchange based on the volume of trades, voluntarily filed for Chapter 11 bankruptcy. FTX was forced to shutter because it had just $900 mill...
ConsenSys faces audit at shareholder request
Ethereum development firm ConsenSys will be audited at the request of its shareholders, according to a report from Finextra on Jan. 18. ConsenSys allegedly transferred business products and units betw...
Court Orders Audit of ConsenSys AG – Trustnodes
There’s an internal battle going on within ConsenSys, ethereum’s biggest development studio, concerning the transfer of the Zug based ConsenSys AG assets to the Delaware incorporated ConsenSys Softwar...
Here’s why the IRS would want to audit your taxes
After you file your taxes, you probably don’t want to think about them again until the next year. But if you’re too aggressive with certain deductions or credits, that could trigger an audit from the ...
Security Audit Completed by Certik – Press release Bitcoin News
press release PRESS RELEASE. Dubai, UNITED ARAB EMIRATES, January 2023, Undeads Metaverse announces the completion of its smart contracts’ security audit conducted by Certik, which included a comprehe...
Code4rena merges with zkSync to audit smart contracts
zkSync is very pleased and takes great pride in making its official announcement of Code4rena, having completed successfully auditing their newly launched Baby Alpha. They had joined forces for the sa...
Five new crypto projects with the highest audit trust score entering 2023
The collapse of several projects has characterized the 2022 crypto market with different entities emerging as cusualities of the bearish environment. Therefore, there has been an increasing call for a...
How To Avoid An Audit| Investor’s Business Daily
Don’t do what former President Donald Trump did in his federal tax returns. That’s if you want to avoid an IRS audit, several financial advisors told Investor’s Business Daily amid t...
Certik Sees $12M recovered from Crypto Exploit Despite Audit
Ecological stablecoin project Defrost Finance will return $12 million in funds stolen through Dec. 23, 2022, exploit, despite undergoing a code audit by CertiK. Defrost will use on-chain data to ensur...
IRS conducted Biden audits, House passes requirement for IRS audit of president
The IRS has conducted audits on the federal income taxes of President Joe Biden and first lady Jill Biden for the last two years, one of which required the first couple to pay slightly more than origi...
SEC to Scrutinize Audit Firms Working with Crypto Companies
The United States Securities and Exchange Commission (SEC) on Thursday announced that it has set its eyes on audit firms working for cryptocurrency companies. According to reports by the Wall Street J...
US SEC Sets Eyes On Audit Firms Working With Crypto Companies
The U.S. Securities and Exchange Commission (SEC) will increase scrutiny of audit firms working on audits for crypto companies. The SEC expressed concerns over investors getting false reassurance from...
One Trump tax return was audited by IRS audit, report says
Only one of Donald Trump‘s annual federal income tax returns began being audited by the IRS when he served as president, despite the agency having a policy dating to 1977 of conducting mandatory...
‘Big Short’ Investor Michael Burry Says Binance Crypto Exchange Audit Is Meaningless – Here’s Why
Hedge fund manager Michael Burry, who is known for being one of the first investors to foresee and profit from the collapse of the housing market in 2007, says the recent audit on Binance’s proof of r...
Investor Michael Burry Calls Proof-of-Reserves Audit Meaningless
57 seconds ago | 2 mins read Exchange News Burry is regarded as the first investor to correctly predict U.S. subprime mortgage crisis. Binance CEO Changpeng Zhao (CZ) addressed criticisms of the POR o...
“Audit Is Meaningless”- Michael Burry On Binance And FTX
On Friday, December 16, auditing firm Mazars Group – which submitted the Proof-of-Reserves report for Binance – suspended all ties with crypto firms. The Mazars Group said that they paused the activit...
Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web – Bitcoin News
The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducti...
Binance outflows slow down despite audit concerns
Binance’s customer outflows appear to be slowing, according to blockchain data from two digital-asset analytics firms. That means that despite the FUD going on, some still believe in CZ and Binance. ...