Binance Appoints Grant Thornton as Global Accounting and Tax Advisor

According to official news, Binance announced that it has appointed Grant Thornton Singapore, a leading business and professional services firm, to provide global accounting and tax advisory services to prepare for future audits of its global business. In the fiscal year 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, cryptocurrency and non-cryptocurrency related transactions under the International Financial Reporting Standards (IFRS). Kaiser NG, senior vice president of Binance Finance, said: "The collaboration with Grant Thornton is an important step in building trust in our accounting processes and provides a huge boost for us to prepare for future audits."