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lots of the money came in 2021 and 2022. the audits done in july 2021 were by armanino and prager metis, both of which are trying to expand into the digital as
by texaslonghorn5 4y ago
lots of the money came in 2021 and 2022.
the audits done in july 2021 were by armanino and prager metis, both of which are trying to expand into the digital asset space and would stand to benefit from continued growth and success by ftx. the implication i am making is that there was no way for the audits to be unbiased.
if the audits weren't junk, the company probably wouldn't have been big enough to cause such a mess
- camjohnson26 4y agoPeople sometimes forget that Enron’s collapse also took down their auditor, Arthur Anderson, which killed their audit business and spun the consulting business into what is now Accenture. The auditors in these situations are often as culpable as the companies.