Friedman, Former Tether's Auditing Firm, Faces Over $1.6 In Penalty By SEC | Bitcoinist.com
Friedman failed to obtain sufficient appropriate audit evidence, respond to fraud risks, and perform procedures to identify related party transactions.
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### Instruction: Friedman, Former Tether's Auditing Firm, Faces Over $1.6 In Penalty By SEC | Bitcoinist.com

### Response: Friedman failed to obtain sufficient appropriate audit evidence, respond to fraud risks, and perform procedures to identify related party transactions.