Features TheBitTimes.com

The Securities and Exchange Commission (SEC) has warned about a worrying trend in which accounting firms are collaborating with cryptocurrency trading platforms with a track record of scandals and financial collapses within the cryptocurrency sector. Notably, the commission notes that certain players in the blockchain industry are promoting fake “audits” to attract investors. The SEC has warned against such non-audit agreements as they do not provide the same level of assurance as a proper audit of financial statements to investors. The report underscores the risks associated with these misrepresented “assurance” services, which the commission’s staff, PCAOB, and other experts in the field have already highlighted.  The research focuses on accountants contemplating offering non-audit services to clients dealing with crypto assets. #SEC Chief Accountant Paul Munter warns of crypto "assurance" risks. Non-audit arrangements are not as rigorous ...

According to a notice on recruitment site Civil Service Jobs, the UK’s leading crime commission is on the hunt for a crypto investigator.  NCA Launches Crypto-specific Unit Per the posting, the new opening falls beneath a project from the agency’s cyber-focused division, the National Cyber Crime Unit (NCCU). The NCCU reportedly has plans to set up a “specialized cryptocurrency and virtual assets team.” The aforementioned unit dubbed the “NCCU Crypto Cell” will have a starting workforce of just 5 personnel. These officers will address matters with ties to assets such as BTC, which the notice described as “proactive cryptocurrency remit.” The NCCU Crypto Cell will have the resources and expertise necessary to target UK-based suspects in crypto crimes. In addition to conducting their own investigations, the team will also provide specialist advice and guidance to other NCA units working on cryptocurrency-related cases. KYC & Audit Solutions! SolidProof The team w...