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Big Four accounting firm KPMG has formed a strategic alliance with crypto accounting software Cryptio to help U.S. crypto companies comply with Generally Accepted Accounting Principles (GAAP) compliance. According to the announcement, the KPMG-Cryptio strategic alliance aims to establish controls within cryptocurrency companies to better account for their crypto assets. Through this partnership, crypto-related businesses and institutions can use Cryptio's accounting software to meet their GAAP a...
Paolo Ardoino, chief executive of Tether, said in an interview that the Big Four accounting firms - Deloitte, PwC, Ernest & Young and KPMG - were afraid to work with Tether because they feared it would damage their reputation. But he said it was "a priority" to ensure that one of the Big Four acted as an auditor for Tether.
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