Hester Pierce, a commissioner of the SEC, has expressed concerns about the watchdog's warning to accounting firms regarding non-audit work for crypto clients. She disagrees with the SEC's chief accountant, Paul Munter, who warned accounting firms against engaging in work for crypto platforms unless it involves a complete financial audit. Pierce believes that discouraging good-faith efforts to provide more transparency may hinder sincere efforts from crypto platforms. Munter, on the other hand, believes that work beyond a full audit's scope will lack transparency for investors and accounting firms should consider making a noisy withdrawal if a client is making misleading statements about its non-audit work to the public.
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