Tuesday, November 29, 2022

Some US auditors say FTX's collapse has led them to designate crypto clients as "high risk", resulting in longer audits, higher fees, or dropping clients (Stephen Foley/Financial Times)

Stephen Foley / Financial Times:
Some US auditors say FTX's collapse has led them to designate crypto clients as “high risk”, resulting in longer audits, higher fees, or dropping clients  —  Collapse of Sam Bankman-Fried's company highlights risks in industry where accounting rules are only half-formed



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ServiceNow invests $40M in banking software specialist BusinessNext, valuing the 24-year-old Indian company at $700M and taking a roughly 5% stake (Jagmeet Singh/TechCrunch)

Jagmeet Singh / TechCrunch : ServiceNow invests $40M in banking software specialist BusinessNext, valuing the 24-year-old Indian company ...