Tether selects KPMG for formal USDT audit, FT reports

Tether has selected KPMG, one of the Big Four global accounting firms, to conduct a formal financial audit of USDT, the Financial Times (FT) reported. A formal audit is a more comprehensive verification process than the existing quarterly reserve attestations, examining a company's assets, liabilities, internal controls, and overall financial reporting system. In preparation for the audit, Tether is also reportedly working with PricewaterhouseCoopers (PwC) to overhaul its internal systems.