According to BinanceblogBinance announced today that it has appointed Grant Thornton Singapore, a leading business and professional services firm, to provide global accounting and tax advisory services in preparation for future audits of its global operations. In fiscal year 2023 alone, Binance entities have completed 25 audits to date and received unqualified opinions.
Grant Thornton Singapore will provide professional non-audit and non-assurance services to advise Binance on technical accounting, financial reporting, audit preparation and tax matters. In particular, the firm will provide consulting services on accounting policies under International Financial Reporting Standards (IFRS), cryptocurrency and non-cryptocurrency related transactions.
“Partnering with Grant Thornton is an important step in building trust in our accounting processes and provides a great boost as we prepare for future audits,” said Kaiser NG, Binance’s Senior Vice President of Finance.