Flawed audits put crypto bank Revolut’s regulatory compliance in question
– The UK’s Financial Reporting Council has found flaws in the audits of pro-crypto bank Revolut.
– The audit was carried out by accountancy firm BDO, which is now facing scrutiny from regulators.
– The FRC has called out BDO for its poor audit quality.
– BDO Italia recently entered into a partnership with Tether, raising concerns from the crypto community.
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