PwC, the world renowned consulting firm is offering a new crypto currency auditing feature as part of its Halo data auditing suite.
The new tool allows users to take a closer look at the crypto currency transactions they make. According to the auditing company, the feature will provide independent substantive evidence of the private key and public address pairing to establish ownership of cryptocurrency. And gather information about blockchain transactions and balances.
PwC is now using the product in auditing those clients that transact in bitcoin, bitcoin cash, bitcoin gold, bitcoin diamond, litcoin, ethereum, OAX and XRP. The tool is additionally being offered to firms that don't have a direct relationship with PwC. This according to the company is to help them implement the process and controls they will require in order to obtain assurance report from their auditors.
The Global Assurance leader of PwC, James Chalmers said that the new feature is a testament to the company's drive to meeting the changing needs of the market in this dynamic technological times.
"it is important as companies continue to digitize we, as auditors, keep up with technology change in the market, continue to develop audit tools that meet the needs of emerging technologies and serve the changing and developing demands of our stakeholders."