By Amanda Iacone
A pair of high-ranking Democratic senators on Tuesday called on the US accounting oversight board to step in and protect investors from so-called “sham audits” of crypto firms after a series of banks with ties to the digital asset industry collapsed this month.
Senators Elizabeth Warren (D-Mass.) and Ron Wyden (D-Ore.) told the audit board that they were “disappointed” that the regulator hadn’t done more to curb what they called “abusive practices” by the accounting firms that the board oversees, according to the lawmakers’ latest letter rebuking the Public Company Accounting Oversight Board over its crypto policing.
“No credible auditor …
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