I am an auditor, a former Ernst & Young partner and i agree fully with this article (the best i read on this topic): at the moment no assurance is given by any of the service provider like ICOrating or Smith and Crown (nevertheless i highly appreciate what Smith and Crown is doing). From my experiene and i have read some of the white papers and i checked on the assessments given by ICOrating: at the moment there is no minimum disclosure standard not to mention any advanced basis to give investment advice like ICOrating is giving. I knew very well that an audit opinion not assures complete accurateness (fraud is something you can not avoid) but many ICO white papers are evidently misstated and neglect evident basic information (like which legal entities from where are involved). So the industry has to do something about this, the sooner the better.
