Bloomberg Tax
Dec. 19, 2022, 7:09 PMUpdated: Dec. 19, 2022, 7:57 PM

Marcum Raises Risk Assessments for Crypto Audit Clients (1)

Nicola M. White
Nicola M. White

Accounting firm Marcum LLP, which vets the books of three publicly traded bitcoin miners and some privately held crypto exchanges, said Monday it is more closely scrutinizing its policies for accepting and retaining crypto companies and other enterprises with large exposure to the volatile digital assets sector.

“We are not getting out of it today,” Marcum Chairman and CEO Jeffrey Weiner said in an interview. “We are monitoring it very carefully, obviously, and we’ve raised our risk assessment on it. But we have not made a decision to get out of it.”

Marcum’s move comes after Mazars Group halted ...