#accounting News

Tezos Southeast Asia and ACCA Sign MoU to Explore Blockchain’s Potential in Accounting

April 13, 2020 by Aisshwarya Tiwari at Blockchain

In a press release issued on April 13, 2020, the Association of Chartered Certified Accountants (ACCA) and Tezos Southeast Asia (TSA) announced that they had inked a Memorandum of Understanding (MoU) to explore applications of Tezos blockchain in the accounting industry. ACCA and Tezos to Explore Blockchain Use in Accounting...

AICPA Unveils Practices to Simplify Cryptoasset Accounting

December 17, 2019 by Ogwu Osaemezu Emmanuel at Regulation

In an effort to enable accounting and auditing firms that service cryptocurrency-linked businesses to formulate accurate and error-free financial statements, audits and more, in a seamless manner, the Digital Assets Working Group of the American Institute of Certified Public Accountants (AICPA), has launched a new practice aid, according to a...

Quadriga CX Victims May Get Refunds Sooner than Later

April 4, 2019 by Ogwu Osaemezu Emmanuel at Business, Commentary, Development, Exchange, News

Creditors of the now defunct Canadian cryptocurrency exchange, QuadrigaCX may get compensated sooner than later, as Ernst & Young (EY), the court-appointed monitor investigating the case, has advised the firm to commence bankruptcy proceedings as soon as possible, to cut costs and expedite the creditors’ refunds process, reports Bloomberg on...

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PricewaterhouseCoopers to Test Blockchain-Based Credentials Platform

March 4, 2019 by Tokoni Uti at Adoption, Blockchain, Business, Development, News, Platform

The Institute of Chartered Accountants of Scotland (ICAS) has entered into a partnership with PricewaterhouseCoopers (PwC) to test a blockchain-based platform that will store and issue qualifications to accountants, announced February 28, 2019. Qualified to Serve A quick look at blockchain-related news from 2018 will show that there has been...

Cryptocurrency Project Tezos Appoints PwC as Independent Auditor

July 29, 2018 by contributor at Altcoins, Business, Finance, News

Controversial cryptocurrency company Tezos revealed on July 24, 2018, that "Big Four" auditor PricewaterhouseCoopers (PwC) will conduct a due financial audit of the Tezos Foundation. Tezos Employs PwC As stated in an official press release, PwC’s Swiss branch has been appointed as a third-party auditor to scrutinize Tezos’ operations and...

EY Buys US Cryptocurrency Accounting Technology as Institutional Investors Prepare to Enter Market

EY Buys Cryptocurrency Accounting Technology as Institutional Investors Prepare to Enter Market

July 24, 2018 by Priyeshu Garg at Adoption, Bitcoin, Blockchain, Business, Finance, News

Global professional services group Ernst & Young (EY) has announced on July 19, 2018, its acquisition of Andy Crypto-Asset Accounting and Tax (CAAT), a cryptocurrency accounting and regulatory compliance technology solution from Elevated Consciousness, a San Francisco startup that specializes in developing crypto asset solutions. EY announced through its Americas...

Ethereum-Based Payment Platform, Request Network, Announces Blockchain Partnership with PwC

March 29, 2018 by contributor at Blockchain, Business, Ethereum, News, Tech

In a massive step towards cryptocurrency adoption as a whole, Request Network signed a partnership with PwC France, as announced in Singapore on March 26, 2018. Request Network is a decentralized network that allows anyone to request a payment for which the recipient can pay securely. This innovation results in...

PwC Acknowledges “The Future,” Set To Launch Blockchain Auditing

March 28, 2018 by contributor at Blockchain, Business, News, Tech

On March 19, 2018, the “Big Four” accounting firm PWC and Northern Trust, a U.S custody bank, have jointly announced the release of new tools to give private equity fund auditors fast access to data stored on its private blockchain. The move effectively lays the foundations for large-scale adoption of...

Feature Interview: Subledger’s Quest to “Unlock the Flow of Value” in Accounting

March 31, 2016 by Michael Scott at Business, Finance, Interviews, News, Tech

The explosive trajectory of blockchain innovation has been nothing short of remarkable. The technological applications ensuing from these efforts are poised to disrupt a wide swath of professional fields and industries. This is particularly true for the accounting profession and its ledger-centric model for managing large amounts of financial data....