So firstly, there's this - https://www.bloomberg.com/news/articles/2022-08-18/tether-drops-cayman-islands-firm-in-bdo-italia-attestation-deal https://www.bloomb

So firstly, there's this - https://www.bloomberg.com/news/articles/2022-08-18/tether-drops-cayman-islands-firm-in-bdo-italia-attestation-deal https://www.bloomberg.com/news/articles/2022-08-18/tether-dr... Which seems to indicate that they signed an agreement with BDO Italia, "an independent subsidiary" of BDO. Not sure if that's significant in itself. Probably not. Secondly, BDO are "evaluating" their ongoing relationship with crypto firms - https://www.wsj.com/livecoverage/stock-market-news-today-12-16-2022/card/accounting-firm-bdo-evaluating-crypto-work-D2AdU122tCqCmnqjXSd1 https://www.wsj.com/livecoverage/stock-market-news-today-12-... And third, well, it's not an audit, it's more of a "Reserve balances look OK to us on this date" report. It doesn't (for instance) take into account any other liabilities the company may have. So I'd say this is (as another poster mentioned) better than nothing, which is what they used to give, but worse than an actual audit.