Binance Appoints Grant Thornton as Global Accounting and Tax Advisor

According to a recent Binance Blog post, Binance has appointed Grant Thornton Singapore as its global accounting and tax advisor. This move aims to enhance Binance’s financial governance and prepare the company for future audits of its global businesses. Grant Thornton will assist Binance in aligning its accounting practices with International Financial Reporting Standards (IFRS), further strengthening Binance’s commitment to transparency and regulatory compliance.In 2023, Binance entities completed 25 audits, all receiving an unqualified opinion, signifying accurate and fair financial statements. Grant Thornton will offer non-audit services, including technical accounting, financial reporting, and tax advisory, to ensure robust documentation of cryptocurrency and non-crypto-related transactions in accordance with IFRS.Kaiser Ng, Binance’s Senior Vice President of Finance, emphasized the significance of this partnership in enhancing Binance's accounting processes. Chetan Hans from Grant Thornton echoed this sentiment, stating that their collaboration will help Binance meet its goal of aligning with global financial standards and preparing for future audits.