@CasPiancey I generally agree with that statement but I think Mazars was more upset over the fact that Binance was misrepresenting their AUP report as an audit and that led the public to believe it was like a financial audit and could be trusted when in reality it was meaningless.
Called this out about a week ago, all these crypto "audited PoR reports" are fake audits. As an auditor, the misuse of terminology is highly concerning, and if I were the CPA firm I would drop them as a client too. An AUP Engagement is NOT an audit.
https://t.co/FQwY7SsUtG