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Armanino defends its past FTX.US audits
Dec. 23, 2022 at 9:55 pm
By Mike Dalton
A top Armanino executive defended auditing work that his company performed for FTX.US during an interview published by the Financial Times on Dec. 23.
Armanino’s chief operating officer, Chris Carlberg, suggested that the company felt assured about its quality of services to the American branch of FTX.
Carlberg stated:
“We definitely stand by the FTX US work. A few industry voices have said that we should have done a better job auditing internal controls, but we were never engaged to audit internal controls.”
He explained that those auditing practices are required for audits of public companies and are not required for audits of private companies like FTX.US. He said that the company carried out the level of analysis required by standards and that Armanino and its employees “feel good about the work we did in that area.”
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