Commentary:  Litecoin has seen a steep drop in valuation in 2018, from over S$300 per LTC in Dec 2017 to S$42 per LTC as at end 30 Dec 2018.  As a result, the net assets which are mainly made of Litecoin and Bitcoin have seen a significant decline in value as at the period ended 30 Dec 2018.

2 Comments

  • Jeremy Nau says:

    Hi there,

    My name is Jeremy Nau, I work for a top 25 accounting and consulting firm, Armanino. We are the largest CPA firm based out of California. I personally am a CPA and CBP, and Manager if our Blockchain and Digital Assets practice.

    I came across the LTC foundations financials and noticed the statements were “unaudited.” I am curious if the LTC foundation would be interested in a financial statement audit. We have a dedicated cryptocurrency and blockchain team that audited Coinbase for 5 years, so we like to think we have a good idea of how to approach this. We also audit about 90% of the non-profits in the SF bay area, so have that side covered. I could also float idea around of doing the audit as a donation to the foundation to my management team. Litecoin is a huge name in the space, and we could benefit from the added reference. I’d love to start a conversations. Cheers.

    • Keith Yong says:

      Hi, LTC foundation is a Singapore registered. In Singapore, only public accountants or accounting firms approved by the Accounting and Corporate Regulatory Authority can act as company auditors. I think unless you have a Singapore registered audit office, we won;t be able to use your services.

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