The Mazars auditor stops cooperation with all crypto companies – Bits Media

Mazars audit company, which previously confirmed the sufficiency of Binance reserves, deleted links to previously published reports and announced the termination of all cryptoclitting service.

Mazars accounting group deleted a reserve report report from its website cryptocurrency exchange Binance, last week. The company said, that no longer provides audit services to cryptoclitants, Including Crypto.com, Monku Kocain и Binance.

"Mazars suspended their activities, related to the provision of reports on confirmation of reserves for organizations in the cryptocurrency sector due to fears about that, How these reports are understood by the public ", - says in the statement of Mazars.

The representative of Binance said, that since the exchange will no longer be able to work with Mazars, The crypto company turned to several large accounting companies, Including the "big four", In search of the auditor, Ready to provide a report on the confirmation of reserves.

Binance said, that "big four", which includes Deloitte, Ernst & Young, KPMG и PwC, "At present, it does not want to check reserves for a private cryptocurrency company".

Former chief auditor of the Council for Supervision of Accounting Public Companies of the United States, Professor of accounting of the New York College Barukha Douglas Karmikekl (Douglas Carmichael) claims, that the Binance reserve report previously published on behalf of Mazars is not an audit conclusion.