The U.S. SEC has filed charges against global accounting firm Prager Metis CPAs for a multitude of alleged auditor independence violations and purportedly contributing to its clients’ breaches of federal securities laws.
Prager Metis served as the auditor for the now-bankrupt cryptocurrency exchange FTX Group 2021, and current FTX CEO John Ray III has previously expressed significant apprehensions about the validity of information in the audits conducted by the firm.
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