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Those aren’t audits, those are attestations. The Gemini page says “audit”. But that isn’t what the pdfs say. Read the accountant’s writing very carefully and y
by graeme 6y ago
Those aren’t audits, those are attestations. The Gemini page says “audit”. But that isn’t what the pdfs say.
Read the accountant’s writing very carefully and you’ll see it means they merely examined management’s report and their assertion that at a specific time at 3:44 pm feb 26th they had the money.
https://assets.ctfassets.net/jg6lo9a2ukvr/1Qg69anSKlBi3FbFA44wfo/84434101e43bafed299f28b59f1c0451/Gemini_Dollar_Examination_Report_02-26-21.pdf https://assets.ctfassets.net/jg6lo9a2ukvr/1Qg69anSKlBi3FbFA4...
- gruez 6y agoPractically speaking, what's the difference between an attestations and an audit?
- sfblah 6y agoMy understanding is an attestation is the company promising something is true (not sure if there are consequences if they lie). An audit is a third party promising something is true, with definite legal consequences if they lie.