According to Mars Finance, market sources indicate that Tether, the issuer of the stablecoin USDT, has selected KPMG as its auditing firm and hired PricewaterhouseCoopers to assist in improving its internal systems. This move is the clearest signal yet that Tether is moving towards a comprehensive financial statement audit, which will go beyond the current monthly reserve certificates issued by BDO Italia and comprehensively examine its assets, liabilities, controls, and reporting processes. Previously, Tether announced that it had hired one of the Big Four accounting firms to audit its business, but did not disclose the specific firm's name at the time.
Tether has hired KPMG to audit USDT.
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