KPMG resigns as auditor of Triterras

KPMG has resigned from its role as independent auditor to Triterras, amid accusations that the Singapore-based fintech misled investors over transactions on its blockchain platform Kratos. In a filing to the US Securities and Exchange Commission (SEC), Triterras says it received formal notice of KPMG’s resignation on January 20. The filing does not give a reason for the decision, but in a separate statement Triterras says that “for some time, there has been consideration and discussion with respect to replacing the independent accountants of the company for various considerations”. The only reason outlined in that statement is an attempt to separate the operations of Triterras from Atanium, previously known as Rhodium Resources. Rhodium’s founder and chief executive, Srinivas Koneru, is also founding CEO of Triterras. “The company is in discussions regarding the engagement of another independent accounting firm of international repute,” its statement adds. “The company maintains a positive view of the future and is optimistic on the current management growth initiatives underway.” The filing says Triterras and KPMG did not disagree on any matter relating to accounting principles or practices, and that there were no reportable events not already disclosed to the regulator. The accounting firm says in a… continue reading

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Source: CTRM Center

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