Tag: accounting

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 finance books. Tezos noted the development is the world’s first…

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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 Tax Innovation Foundry. Why CAAT and why now? CAAT is…

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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 cheaper, easier, and more secure payments, and provides for a…

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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 blockchain-based platforms by traditional businesses. Expanding a Client Base with…

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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. The blockchain in its fullest iteration virtually eliminates the need…

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