The Securities and Exchange Commission (SEC) has recently disclosed two settled enforcement actions against Prager Metis CPAs, an audit firm linked to FTX, the now-defunct crypto trading platform. The firm’s founder and former CEO, Sam Bankman-Fried, is currently in custody alongside Sean “Diddy” Combs at the Metropolitan Detention Center in Brooklyn. These enforcement actions highlight three important considerations for auditors and accountants: the SEC’s stance on auditor independence, the qualifications of individuals conducting audits in emerging sectors and the significance … Read the rest
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Something on television last night seems to have stolen the attention from the Supreme Court in its end-of-term push. But today, the justices will issue three big and newsworthy decisions, taking back the spotlight, with the end of the term now in clear sight.
At the security line to enter the courtroom, I bump into Michael Dreeben, who argued Trump v. United States on behalf of Special Counsel Jack Smith and the Justice Department. He was here on Wednesday … Read the rest