Discover and read the best of Twitter Threads about #audit

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#ExxeGroup #Audit update tweet chain.

#Exxe $AXXA

$AXXA #Exxe Group periodically releases updates on Twitter and / or via Press Releases as it progresses with the #audit.

#Exxe has made a few announcement over the past months specifically with respect to the #daskonzept audit as the progress has been made.

$AXXA 2/9
This tweet chain provides a summary collation of the #audit related statements that have been made

*as well as*

a mini-update on the #current audit status.

#ExxeGroup #Exxe $AXXA 3/9
Read 9 tweets
@retheauditors @premnsikka 1/ UK audit regulator (#FRC) fines #KPMG £1.25m (+ a former KPMG director fined £50k with a severe reprimand) for serious failures in LSE listed electrical product manufacturer/distributor #Luceco’s 2016 #audit (…). Image
2/ Luceco IPO’d on LSE in 10/2016 (130p : £210m mkt cap). Luceco’s long term auditor KPMG ‘triple dipped’ as auditor plus tax & IPO transaction services. Saddled up at Luceco as independent non-exec/on audit committee: Tim Surridge, former partner at KPMG transaction services. Image
3/ Installed for the IPO, a shiny new CFO, however, the rot had seemingly already set in. Luceco’s 2016 audit report was declared by the FRC as a ‘dud’, but the accounts detailed the rather fabulous level of KPMG’s £1m fees (£116k audit; £857k IPO related; £49k tax & audit). Image
Read 6 tweets
@ArmitageJim @retheauditors @premnsikka 1/ @TheFCA auth. #Emoney op (neobank) #Revolut reportedly frustrates its own board & raises eyebrows in the accounting industry after spinning a critical #BDO
#audit report as a clean bill of health (…). Image
2/ #Revolut published it’s 2021 audited accounts 5 months after they were originally required to be filed & 2 months after an extension to the deadline had expired. Revolut’s lawyers Schillings said there were "a range of views on the meaning of the qualified opinion". Image
3/ ‘Under the hood’, #Revolut has gone ‘full tonto’ on crypto, allegedly building on it’s alleged long term ‘association’ with crypto exchange #Bitstamp (which coincidentally withdrew its UK FCA crypto authorisation application - the UK is the largest crypto market in Europe). Image
Read 5 tweets
🔴#DIRECT - #AssembléeNationale : #Commission sur l'indépendance énergétique de la #France et la gestion du #nucléaire : L'audition de l'ancien président Nicolas #Sarkozy vient de commencer, disponible canal 13 de la TNT sur @LCP, François Hollande suivra #énergie #LCP #DirectAN
@LCP 🔴#DIRECT - #AssembléeNationale : #Commission sur l'indépendance énergétique de la #France et la gestion du #nucléaire : Il fallait recruter 1200 ingénieurs de + /an dès 2010 ; le projet de la centrale de Panly arrêté par Hollande puis repris, "12 ans perdus" (#Sarkozy) #DirectAN
🔴#DIRECT - #AssembléeNationale : #Commission sur l'indépendance énergétique de la #France et la gestion du #nucléaire : "La succession de périodes d'investissements et d'arrêts" destructeur pour la filière, cela a découragé les "meilleurs étudiants" français (#Sarkozy) #DirectAN
Read 28 tweets
[1/🧵] @DigiEuro interviewed @moderndosh and @AntonyWelfare on the @Ripple #CBDC-Manager software.

The underlying private #CBDC-ledger based on #XRPL was also heavily discussed.

I summarized the most of the interview for you, along with my personal comments. 🧵👇 Welcome to the Ripple Digital Currency Manager
[2/19] To begin, if you are completely unfamiliar with #CBDCs and the #Ripple solution, here is a nice place to start:
[3/19] One important reason for using a private version of the public #XRPL is that a central #bank needs to be able to control the #money supply.

Why use a private ledger ❓
▶️ Central banks and #governments must be able to mint and destroy #currencies. CBDC Hierarchy of Needs
Read 21 tweets
#Zionist-#Leyen's Revenge:
#EU #Ombudsman - page down at least since Feb 14, 2023, 8:22pm CET.
EU institutions and bodies profiles | #EuropeanUnion!btCjND ImageImage
#Zionist-#Leyen's harsh #revenge:
#Ombudsman's last webpage saved Oct 7, 2022
The European #Ombudsman, Emily #OReilly, works with the institutions, agencies and bodies of the @europeanunion to achieve the highest standard of #administrative practices… ImageImageImage
Read 22 tweets
* Oracles
* We have developed a script that runs at any frequency to associate a Datum to an address
* We have found some restrictions: A Datum can write only integer information, but prices are floating. A conversion formula is needed.
* Exploration of MLabs libraries for contract testing. This will help us for a type of internal audit.

* Rebalancing current portfolio of Cardano Index
* AGIX valuation increased considerably
* Selling half to get profits and rebalance with other tokens
Read 8 tweets
#Incident reporting should follow & precede #riskmanagement?
The two are slightly different areas of specialization
in the office environment.
It is akin to the debate between #reliability and #safety.
Both are contrasting concepts in organizational #resilience studies.
They are certain leading businesses including big banks that have separated incident reporting desks from risk management co-ordination cells.
Actually, incidents are events which require an eye and a taxonomy for recognition.
Coding outcome events into loss database is essential
The most difficult area in financial risk management was the coding of operational risk incidents or potential events having adverse negative probabilistic outcomes, which can yield material quantifiable losses in the financial statements.
@BIS_org changed the AMA RiskMetrics
Read 13 tweets
A #flashloan attack on @UpswingFinance resulted in the loss of ~22 ETH (~$35.5K)

The project has appeared inactive since Oct. 2020 and was attacked using price manipulation.

A thread👇 Image
It was a price manipulation attack caused due to the design flaw of the $UPStkn token - the _transfer function of the token.

The attack occurred in three key steps👇 Image
1) the attacker uses 18 swaps to lift $UPStkn's sell pressure. Also, during the swaps, the attacker swaps 1.31 Ether for 136,299.97 UPStkn. Image
Read 5 tweets
@retheauditors @premnsikka 1/ “Flipping Hell”: #LSE listed taxpayer funded homeless/vulnerable accommodation op & #BDO audited ‘#HomeReit built on poor foundations’. CityAM, three days ago wrote: ‘#HomeREIT faces legal threat from biggest tenant over £5.5m rent relief deal’ …
2/ (…). A week earlier it was reported that #HomeReit’s ‘investment adviser’ (‘Alvarium’) had (prior to its #SPAC merger) spun out the unit ‘advising’ #HomeReit (‘Alvarium Home REIT Advisors Ltd’) allegedly to a newly created shell, …
3/ before, along with wealth manager #TiedemannGroup, a #SPAC merger (Nasdaq listing) with ‘#CartesianGrowthCorporation (ex-#AIG emerging markets PE funds crew from back in the day). The #HomeReit board allegedly in effect ‘subcontracted the business’ operation to Alvarium’,
Read 15 tweets
@retheauditors @premnsikka 1/‘ Investigation in to #AIM listed #RevolutionBeauty unveils "serious issues" over the way the business was allegedly run under previous senior managers’. Revolution hired Macfarlanes to investigate after their long term auditors #BDO ‘reared up’.
2/ Yesterday it reportedly emerged that Macfarlanes had discovered Revolution made "unacceptable" loans to senior managers, requested distributors book orders worth £9m to meet y/end financial targets + failed to consider key info. when acquiring a company owned by its chairman.
3/ Revolution’s auditor prior/during/post #AIM listing was #BDO. BDO & Mazars were criticised in 2022 by the UK audit regulator #FRC for ‘unacceptable’ audits (the worst auditors inspected for the 2nd year running). Meanwhile over in the US ‘BDO USA botched more than half of …
Read 6 tweets
- "Ostin raketteja Ukrainalle..."
Video: #EthnicCleansing #Genocide.
'Lapset jotka #Ukraina'n joukot tappoivat #Donbas'ssa ennen sodan, #DeNazification, alkamista.'
#OSCE #France:
The conflict in #Ukraine was not opened by #Russia on Feb 24, but by Ukraine a week before. #BulletinNo27.
- de #mercenaires de la #CIA conduits ou « conseillés » par des Américains et composés de #combattants #ukrainiens ou #européens
Read 21 tweets
@retheauditors @premnsikka 1/ UK audit regulator #FRC fines #Deloitte £1.25m (£906k) c/w ‘severe reprimand’ over building materials distributor #SIGplc #audit failures. Deloitte’s audit partner Simon Manning fined £50k (£36k) -….
2/ Unsurprisingly for this type of business the ‘old chestnuts’ of y/end cash & supplier rebates reared their heads. A whistleblower reportedly ‘identified issues’ at its UK insulation & interiors subsidiary: ‘SIG Distribution’. KMPG were reportedly brought in to investigate.
3/ In 2018 SIG announced “With support from KPMG, the group has completed a review of financial reporting controls at SIG Distribution, which identified no further material accounting cause for concern” + “a number of employees are leaving the business” (…).
Read 5 tweets
Suddenly all these GOP'ers are calling for an audit of US aid to Ukraine. It's like they got marching orders. Now I don't think those orders came from Russia. Unlike the wiggidity wackity libs I remember that Trump was actually really severe on Putin. Toughest pre-Feb 24th
sanctions, blocking Nordstream 2, hitting Assad twice despite Putin threatening grave consequences and then of course turning a Wagner assault on US troops into a bloody burnt smear on the Syrian desert. So this is something new. maybe its just politics, at least I hope it is,
but we can't rule out dark money. So without further ado, I will audit the effectiveness of US aid to Ukraine. 1. The pre-war Russian Army doesn't exist anymore. A more than 100% casualty rate of the initial invasion force, the loss of thousands of tanks and vehicles, expending
Read 21 tweets
[1/9] "Don't Trust, Verify"
–Ein Spruch, der derzeit die Runde macht, nachdem Unsummen von Milliarden durch #FTX und #SBF veruntreut wurden–

5 Begrifflichkeiten, die du jetzt unbedingt verstehen musst, um Exchanges besser einschätzen zu können!
[2/9] 👉 "#Merkle #Tree"

• Ist ein binärer #Hash-Baum, also eine Datenstruktur in der #Kryptografie, bei der jeder Blattknoten ein Hash-Wert eines Datenblocks darstellt
• Nachträgliche Änderungen wirken sich auf die "Wurzel" aus
• Effizientes Mittel der #Datenüberprüfung My User ID: Satoshi My BTC ...Merkle Root da8fc, Merkle B...
[3/9] 👉 "#Proof of #Reserves"

• Der Beweis durch einen unabhängigen Prüfer, dass der #Exchange tatsächlich ALLE #Assets (Einlagen und Salden) besitzt, die er vorgibt zu haben
• Während des #PoR wird der "anonymisierte #Snapshot" der Salden zu einem Merkle Baum zusammengesetzt Proof of Reserves Source: h...
Read 9 tweets
Au 3 Novembre 2022, 13% de la capitalisation du marché #crypto est constituée de #stablecoins 🏦

Combien connaissent leur fonctionnement 🤔

À la fin de ce #thread, vous comprendrez le mécanisme derrière les plus grands stablecoins et leurs désavantages pour mieux s’en protéger.
[0 - XX] Ce thread vous apprends

• Le mécanisme derrière ce modèle économique 💰
• Son utilité 🤔
• Une présentation des différentes alternatives: $USDC, $DAI et $LUSD 👍

En 5 minutes.
[1 - XX] Retrouvez ce thread en format blog sur mon medium 👇…
Read 45 tweets
Properly using 301 redirects for #SEO is important to maintain keyword rankings and #organic traffic while your site undergoes content or architecture changes. But what are 301 Redirects for SEO and what are the common issues? A #Thread 🧵
Adding new or updated #content to a site makes redirects necessary to make sure that users and search engine crawlers can still find your content. While the use of redirects has become imperative to maintaining link equity and #keyword rankings…
improper use of it can result in a loss of these, as well as a poor user experience for your #Website. Pairing 301 redirects with proper #searchengineoptimization practices can ensure that your content and search visibility is well maintained.
Read 7 tweets
Our audit of #BC's 2021/22 summary financial statements resulted in a qualified opinion, indicating that parts of government’s financial statements are not accurate. This is not something to take lightly. 🧵 1/5
A qualified #audit opinion warns users about info they should not rely on. Qualifications like the ones in this report represent errors or omissions the auditor considers so significant that they might mislead a financial statement user. 2/5
Our three areas of concern include: 1) the treatment of payments from government and non-government sources, 2) incomplete disclosures, and 3) lack of transparency and disclosure in a specific commitment and payment. 3/5
Read 5 tweets
Why is it important for a #Crypto project to be 'Audited', 'KYC' Verified and/or 'Doxxed'?

I will leave all the official links at the end.

Please like, retweet and follow if you enjoyed the thread, and have learned something from it!


🧵👇 Image
Most Cryptocurrencies have Smart Contracts. They are programmes stored on the #blockchain and are generally used for #investing, #trading & so on.
Smart Contracts are constantly dealing with small-large amounts of funds.

One exploit/bug can cause major problems like loss of funds or even termination of the contract.
Read 19 tweets
Let's talk about #Tether - THREAD

Start with ew fun facts from their rules for using the #Tether services 🤡

Thread 🧵⬇️

In Tether's terms of service we can find information that #Tether doesn't have to buy back $USDT tokens, should anyone wish to exchange them back into $USD, if it does not want to.
The terms state that Tether reserves the right to delay the redemption of tokens at a time if such a delay is necessary due to lack of #liquidity, unavailability, or loss of any reserves held by Tether to support USDT Tokens.
Read 30 tweets
A technical SEO audit is an important part of a website's SEO strategy.

There are many tools available today to help you with a technical SEO audit. @olgazarzeczna shares valuable tips.

Watch or listen to the entire episode to find out more.…

#SEO #Audit
Here is our sponsor – which provides SEO tools and resources to grow your traffic.
“Smart people learn from everything and everyone, average people from their experiences, stupid people already have all the answers.” —Socrates
Read 3 tweets
Ep 65 is out!

@SteveTauber talks about productive IT audit sessions from preparation through execution to follow-up actions.

Check out the full interview:

Hosted by @FancyKarolina, powered by @codingsans

#EngineeringManagement #audit #leadership
Here are a few takeaways:

1. Provide psychological safety

The number one trait of high-performance teams is psychological safety. If you can establish that within your company, it's easier for everyone to work together and build a high quality engineering product.
2. Evaluate objectively

It's hard to pinpoint what's going wrong in your company. Reflecting on how your teams operate, why they follow certain rituals and how they interact with each other is a good way to start.
Read 6 tweets
1/22. Deep dive to @zksync
2. #zkSync Overview
3. Features
4-6. #zkSNARKs
7. #zkPorter
8. zkSync 1.0
9. #zkEVM
10. Zinc
11-13. zkSync2⃣.0⃣
14-15. #Ecosystem
16. Skininthegame
17. TVL
18. Roadmap
19. Wen token
20. Backers
21. Audit
22. Comparison Image
2/22. zkSync Overview
@zksync is a zkRollup Layer 2 scaling solution on Ethereum developed by @the_matter_labs. It offers low gas and fast transactions, without compromising on security. Image
3/22. Features
- Ultra-low tx fees
- 2k TPS (20k TPS w/ zkPorter)
- Based on Eth security
- Users control of their funds
- No requirement for operational activity to keep the funds safe
- Withdrawals to mainnet in ~10 minutes
- Multisig support
- Permissionless smart contracts Image
Read 22 tweets
6 months anniversary of @colonylab! 🥳

Born at the top of the bull market, now thriving in the bear market. It has been quite a journey already!🔺

A thread to review what has been achieved and what’s next! A big thank you to our amazing community 🤗

🧵Thread to celebrate!
To start with, the team is glad to build on #Avalanche. It’s a robust platform, with amazing uptime & performances! 💯

From a development perspective we couldn’t ask for more (almost 😉)!

Many other platforms can’t say the same so I want to highlight this one! 🚀

The nascent #Avalanche community is amazing & everyone is starting to realize it.

We’re going through hardship together and you all know the destination! 💫

It’s a pleasure to ship innovative features with @colonylab for our beloved community! 🙌🏼

Read 21 tweets

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