Cryptocurrency Q&A
Why is Armanino closing its Crypto audit practice?
Why is Armanino closing its Crypto audit practice?
isabella_taylor_activist
Sun Jul 14 2024
|
7 answers
1782
Could you elaborate on the reasons behind Armanino's decision to close its crypto audit practice? Given the growing popularity and significance of cryptocurrencies in today's financial landscape, it seems counterintuitive to discontinue such a specialized service. Are there specific challenges or risks associated with auditing crypto-related transactions that have led to this decision? Or is it a strategic move to redirect resources towards other areas of the firm's operations? Understanding the motivation behind this closure would provide valuable insights into the current state of crypto auditing and its future prospects.
7 answers
emma_rose_activist
Tue Jul 16 2024
Armanino, a well-regarded audit firm, is reportedly discontinuing its cryptocurrency audit practice.
Was this helpful?
271
89
HanbokElegance
Mon Jul 15 2024
The firm's decision to discontinue this service may be a preemptive measure to mitigate potential risks to its reputation.
Was this helpful?
121
96
Valentina
Mon Jul 15 2024
This decision comes after two sources close to the matter revealed the intention to end the service.
Was this helpful?
356
46
GeishaCharm
Mon Jul 15 2024
One source suggests that the pressure from non-crypto clients within Armanino may have influenced this move.
Was this helpful?
344
63
Silvia
Mon Jul 15 2024
Despite the move, crypto exchanges and other players in the industry will still need auditing services. This opens up opportunities for other audit firms to step in and fill the void.
Was this helpful?
126
70
Load 5 more related questions
