Binance appoints Zhengda United Certified Public Accountants as global accounting and tax advisor

September 4, 2024- Binance, the world's leading provider of blockchain ecosystems and cryptocurrency infrastructure, announced today that it has appointed Grant Thornton Singapore, a leading business and professional services firm, to provide global accounting and tax consulting services in preparation for future audits of its global business.

In the fiscal year 2023 alone, Binance entity companies have completed 25 audits and obtained unqualified opinions.

Zhengda Singapore will provide professional non audit and non assurance services, providing advice to Binance on technical accounting, financial reporting, audit preparation, and tax matters. In particular, the company will provide advisory services on accounting policies, cryptocurrency and non cryptocurrency related transactions under International Financial Reporting Standards (IFRS). In addition, Zhengda will also assist in improving the completeness of existing accounting policies and commercial transaction documents.

Kaiser NG, Senior Vice President of Binance Finance, commented:

The cooperation with Zhengda United Certified Public Accountants is an important step in establishing trust in our accounting processes and greatly enhancing our readiness for future audits.

In the past few years, as Binance has matured and developed into a financial institution, it has made significant adjustments to its corporate governance and business structure that are more in line with traditional financial enterprises. We expect these changes to enhance confidence, help Binance's business become more transparent, and make it easier for global regulatory agencies to understand as we continue to grow.

Chetan Hans, Chief Financial Officer and Head of ESG and Sustainable Development at CP, commented:

We are pleased to collaborate with Binance to enhance their accounting policies. As consultants, we will assist Binance in aligning its accounting policies with IFRS standards, and we also look forward to supporting Binance management in achieving this goal.

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