Some accounting firms are backing away from the industry in light of heightened scrutiny by the Canadian Public Accountability Board, which regulates them. As a result of this, companies unable to get audits in time and/or file financial statements with securities regulators could have trading halts imposed on them or even be delisted from stock exchanges. (Globe and Mail)

Talking point: The QuadrigaCX saga has put a spotlight on cryptocurrency auditing practices. Quadriga was granted creditor protection earlier this year after $180 million went missing following the death of its chief executive. An investigation later found the cold storage wallets said to be holding the coins were empty. Quadriga is just one dramatic example of the consequences of poor accounting oversight in the space. Now that accounting firms are backing away from the companies ultimately leaves their investors in an even more precarious situation.