Quote from: Samarkand on January 28, 2018, 11:02:10 AM

A new CoinDesk article from today (as far as I know CoinDesk
has been very quiet about the whole Tether rumors so far):

Tether Confirms Its Relationship With Auditor Has 'Dissolved'

Quote

Tether, the issuer of the dollar-pegged cryptocurrency USDT, said its
relationship with audit firm Friedman LLP has ended.

The statement, provided Saturday evening by a company spokesperson to CoinDesk,
confirms the suspicions of online sleuths and is likely to raise new questions about the company's finances.

...

Quote

"We confirm that the relationship with Friedman is dissolved. Given the excruciatingly
detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether,
it became clear that an audit would be unattainable in a reasonable time frame. As Tether is the
first company in the space to undergo this process and pursue this level of transparency,
there is no precedent set to guide the process nor any benchmark against which to measure its success."

Link to the full article:
https://www.coindesk.com/tether-confirms-relationship-auditor-dissolved/

Given the fact that Tether has not announced a new relationship with an auditor, we probably
won´t see an audit in the foreseeable future. Irrespective of whether the Tether rumors are actually
true, this news will definitely fuel further criticism and encourage guys like @Bitfinexed.

The quote says an audit done in a reasonable timeframe is likely unattainable so they are probably not pursuing a new auditor.

The auditor did confirm 9 figure bank balances that matched the number of USDT at the time, which although not an audit, is the information that ultimately proves that USDT is backed by USD on a 1-1 basis.