đš Big news in the crypto world! Prager Metis, the audit firm behind FTX's financials, has agreed to pay $745K to settle SEC misconduct allegations. The SEC accused them of negligence-based fraud and failing to comply with auditing standards. đŹ
But that's not all! Theyâre also paying $1.2M for violating auditor independence rules in audits of 200+ companies. This settlement includes permanent injunctions and the hiring of an independent consultant to review their practices.
What do you think this means for future crypto audits? Drop your thoughts below! #CryptoNews #FTX #SEC
