Prager Metis – DIGIT INFO

SEC Fines Prager Metis $1.95M Over Negligent FTX Audits

DIGIT — Tue, 17 Sep 2024 19:30:59 +0000

The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights and violations of key industry standards, raising questions about the firm’s practices and the risks it missed. “Prager’s […]

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Prager Metis to pay $745K to Settle SEC charges over FTX audit misconduct

DIGIT — Tue, 17 Sep 2024 17:16:49 +0000

The regulator alleges that Prager issued two audit reports for FTX between February 2021 and April 2022 that falsely represented auditing standards.

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SEC initiates legal action against FTX’s auditor

DIGIT — Sun, 01 Oct 2023 02:15:15 +0000

The SEC alleges that Prager Metis, an accounting firm engaged by bankrupt crypto exchange FTX in 2021, committed hundreds of violations related to auditor independence.

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