Binance today announced that it has appointed Grant Thornton Singapore, a leading business and professional services firm, to provide global accounting and tax advisory services as it prepares for future audits of its global businesses.

For the 2023 financial year alone, Binance entities have completed 25 audits thus far with an unqualified (clean) opinion.

Grant Thornton Singapore will provide professional non-audit and non-assurance services in advising Binance on technical accounting, financial reporting, audit preparedness, and tax matters. In particular, the firm will advise Binance on accounting policies, cryptocurrency and non-crypto related transactions in accordance with the International Financial Reporting Standards (IFRS). It will also provide assistance in enhancing existing accounting policies and documentation of business transactions.

Chetan Hans, Head of CFO Services, ESG & Sustainability at Grant Thornton, commented:

“We are excited to work with Binance to enhance their accounting policies. As advisors, we will be helping Binance in their commitment to aligning its accounting policies with IFRS standards, and we are eager to support Binance’s management in achieving this goal.”