Binance Appoints Grant Thornton as Global Accounting and Tax Advisor

BlockBeats news, on September 4, Binance announced that it has appointed Grant Thornton Singapore, a leading business and professional services firm, to provide global accounting and tax consulting services to prepare for future audits of its global business. In the fiscal year of 2023 alone, Binance entities have completed 25 audits to date and obtained unqualified opinions.

Grant Thornton Singapore will provide professional non-audit and non-attestation services to advise Binance on technical accounting, financial reporting, audit preparation and tax matters. In particular, the company will provide consulting services on accounting policies, cryptocurrencies and non-cryptocurrency related transactions under the International Financial Reporting Standards (IFRS).

Binance Senior Vice President of Finance Kaiser NG said: "The collaboration with Grant Thornton is an important step in building trust in our accounting processes and provides a huge boost to our preparation for future audits."