One of the Big four auditing firms has recently release a new tool that will enable users to audit transactions on cryptocurrencies.
According to the company the new tool allows users to take a closer look to the cryptocurrency transactions they make, providing independent, substantive evidence of the private key and public address pairing to establish ownership of cryptocurrency and gather information about the blockchain transactions and baances.
It was revealed that the new tool is now being used by PwC to audit clients that transact in Bitcon, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, Litecoin, Ethereum, OAX and XRP.
James Chalmers, Global Assurance Leader at PwC, states that as companies continue to digitize auditors like their company should keep up with technology changes in the market and continue to develop auditing tools the meet the needs of emerging technologies such as the blockchain technology.
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