Is the SEC increasing scrutiny of cryptocurrency audit firms?

REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Dec 22 (Reuters) -The U.S. Securities and Exchange Commission (SEC) is heightening the scrutiny of the work audit firms do for cryptocurrency companies, a senior official of the regulator told the Wall Street Journal on Thursday.

What does a crypto auditor do?

A Crypto Auditor is one who specializes in Cryptocurrency and Blockchain forensics. Validating and understanding your skills through this exhaustive exam-based certification will provide insights into the workings of Blockchain and Cryptocurrencies from an auditor’s perspective.

How cryptocurrencies are transforming auditing & auditing?

Some of the large audit firms are developing crypto auditing software and analytical tools. Auditor training programmes for crypto are also becoming more prevalent. Auditors are also turning to crypto valuers to assist with assurance projects where clients are particularly exposed to crypto.

Is crypto auditing a fast growing industry?

Crypto continues to see rapid mainstream adoption, and with that, auditing is becoming a fast-growing industry. What are the best crypto audit companies emerging in 2023? With hacks continuing to rise, security is paramount in the crypto space. Smart contracts are one critical element that needs auditing.