Great piece, as all the others from Dirty Bubble have been, on the unfolding FTX fiasco. Quick question: what was the effective date of Armanino's audit (and all clear) of FTX's books? Don't think I saw that in the piece and certainly would like to know how current that review was....
You are mistaken about the meaning of an "attest" engagement. It can be any of these: a comprehensive (or "formal" as you put it) audit, a review, a compilation or an agreed-upon procedures report. Would be useful to clarify which type of financial statement or report was issued by Armanino, because there are specific representations being made and responsibilities of the firm for each.
You should use correct terminology, otherwise your assertions about that accounting firm could be misleading.
👋 Armanino is probably having very difficult conversations with its insurers right now -- being implicated in an SEC suit will do that to you!
So one wonders if they got an ultimatum to either drop the entire unit or else face astronomical rate hikes or lose coverage altogether.
I don't have any specific knowledge of the situation, this is just speculation.
Great piece, as all the others from Dirty Bubble have been, on the unfolding FTX fiasco. Quick question: what was the effective date of Armanino's audit (and all clear) of FTX's books? Don't think I saw that in the piece and certainly would like to know how current that review was....
I’m *shocked* that Binance uses Armanino too....
A bit surprised by this article. I really enjoy your work and it has been a spark for many works. Here, nonetheless, I miss the usual depth. No criticism, just a thought. Have a look at the work of https://twitter.com/criptodaisy/status/1603284169378889730?s=20&t=6el-mqaOmQ_xVWWQXF15Dw (download 80 pages pdf). You may get inspired, as I was.
Quis audit auditores?
You are mistaken about the meaning of an "attest" engagement. It can be any of these: a comprehensive (or "formal" as you put it) audit, a review, a compilation or an agreed-upon procedures report. Would be useful to clarify which type of financial statement or report was issued by Armanino, because there are specific representations being made and responsibilities of the firm for each.
You should use correct terminology, otherwise your assertions about that accounting firm could be misleading.
Sounds like more FUD to me. All conjecture and absolutely no proof of anything.
I think you have to take some break. Before your articles had some merits, now you literally parroting old news.
We all knew that nexo left USA, we all knew that Armanino quit crypto etc.
seriously nothing new. etc.
you own me 4 minutes.