[Analemma_]

> a reputed firm has staked its reputation to do this -

Not really. The six numbered statements in "Furthered Details" are pretty much disavowing the entire report. This is one bunch of auditors signalling to other auditors, "We don't stand by this at all, we were just collecting the fees." The other auditors, and actually competent potential clients, will pick up that signal when they read these statements, and know that FSS was just collecting a check to be part of Bitfinex's dog-and-pony show, so it "won't count" as a black mark once Bitfinex implodes.