To meet customer needs, PwC launches new cryptocurrency trading audit tool

According to Coindesk's June 21 report, consulting firm PricewaterhouseCoopers will provide customers with a new cryptocurrency auditing function and intends to embed this functionality in its Halo data auditing suite.


(Source: flickr )

PricewaterhouseCoopers said that this new feature will allow users to look more closely at the cryptocurrency transactions they have made, providing "related evidence of 'private key and public address pairing'" to determine ownership of the cryptocurrency, and Collect information about blockchain transactions and balances.

PwC is currently using the product to audit customers who trade in Bitcoin, Bitcoin Cash, Bitcoin Gold, Litecoin, Ethereum, OAX and XRP. PwC’s press release said the tool will also be available to companies that are not directly related to PricewaterhouseCoopers, “helping these companies with the processes and controls they need to implement in order to get assurance from auditors. report."

In a statement, PricewaterhouseCoopers global leader James Chalmers said:

As the digitalization of our company's business, as an auditor, we need to keep up with changes in the technology market and continue to develop audit tools to meet the changing needs of emerging technologies and services and meet customer requirements.

Coindesk has previously reported that PricewaterhouseCoopers has been working with the Tezos Foundation and Hong Kong's stable currency project Loorping Foundation as auditors for both projects.

In addition to providing audit services for blockchain companies, PricewaterhouseCoopers has also investigated cryptocurrencies. A report published in March showed that two Iranians who have been sanctioned by the United States have been using Russian crypto exchanges WEX Do money laundering.

In addition, some of the company's employees have also transformed into the blockchain industry. For example, Roman Schnider, co-founder of the PwC Switzerland blockchain project, left the “Big Four” in June and became the chief financial officer of Tezos. At the same time, earlier this year, the head of the PricewaterhouseCoopers blockchain project, Grainne McNamara, also opened PricewaterhouseCoopers and joined the accounting firm that is preparing to get involved in Ernst & Young in the blockchain sector.