TechFlow news — According to a statement, the U.S. Securities and Exchange Commission (SEC) has filed a legal action against an accounting firm that previously provided services to FTX, the now-defunct cryptocurrency exchange. The SEC alleges that Prager Metis offered audit services to its clients but failed to maintain the required independence, as the firm allegedly continued providing accounting services—a practice prohibited under auditor independence rules. While the statement does not explicitly name FTX or any other client, it emphasizes that throughout a three-year period, there were allegedly "hundreds of" violations of auditor independence.
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