Supporting the audit of crypto assets
Organisations are rapidly changing the way they work and how they capitalise on new technologies such as blockchain. We have brought our leading Assurance professionals, software developers and blockchain experts together to develop assurance solutions to support this complex, emerging area.
Our new Halo tool builds on our suite of technology auditing solutions to provide audit and other assurance services to clients holding or transacting in cryptocurrency.
In this complex world of blockchain and cryptocurrency, we can also help companies to seize the opportunities and address the challenges - helping them to implement the processes and controls they will need to obtain assurance reports from their auditors.
In an environment where robust controls have been proven effective throughout a business’ crypto currency activities, our Halo solution:
- Provides independent, substantive evidence of the “private key and public address pairing” which is needed to establish ownership of cryptocurrency
- Securely interrogates the blockchain to independently and reliably gather corroborating information about blockchain transactions and balances.
PwC’s tool supports clients transacting in many of the most common cryptocurrencies, such as Bitcoin, Bitcoin Cash, Bitcoin Gold, Litecoin, Ethereum, Filecoin, Ripple, Tezos, Smart contracts on Tezos blockchain, and many of the ERC20 tokens. Additional cryptocurrencies are continuing to be added as we see our clients expanding their usage.
“It is important as companies continue to digitise that we, as auditors, keep up with technology changes 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.”
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