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Cryptocurrencies

PwC unveils audit solution for cryptocurrency

Friday 21 June 2019 | 10:54 AM CET

PwC has announced an addition to their existing ‘Halo’ suite of auditing tools, to provide assurance services for entities engaging in cryptocurrency transactions.

 The company’s solution aims to:

  1. provide independent evidence of the ‘private key and public address pairing;’

  2. securely interrogate the blockchain to reliably gather corroborating information about blockchain transactions and balances.

PwC has started leveraging its new Halo solution to support audits of clients engaged in crypto activities. They also help companies for whom they are not the auditor, to enable them address the new opportunities and challenges of blockchain and cryptocurrency, such as the implementation of the processes and controls they will require in order to obtain assurance reports from their auditors.
Moreover, the company can currently use this tool to provide assurance services to clients transacting in Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, Litecoin, Ethereum, ERC20-OAX token, and Ripple (XRP).

More: Link
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