Under-reserved exchanges: What’s being done about it?

Under-reserved exchanges: What’s being done about it?

The crypto collapses of 2022 made clear that financial statement audits alone provide neither sufficient transparency for regulators nor sufficient protection for customers. So, what is being done about it?

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Nuance Matters: Understanding Proof of Reserves within the Spectrum of Audit and Attestation Standards

Nuance Matters: Understanding Proof of Reserves within the Spectrum of Audit and Attestation Standards

Proof of Reserves is an important assurance vehicle that is a complementary addition to financial statement audits and other third-party assurance reporting, not a stand-alone replacement or substitute.

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