Grant Thornton LLP in the U.S. has announced that it audited more than $10bn in cryptoassets during the first three months of 2019, covering 40 different cryptocurrencies across more than 100m addresses. “Cryptocurrency companies must contend with an auditing challenge that is at once simple and complex,” says Johnny Lee, national practice leader for Forensic Technology Services at Grant Thornton. “First, can you prove that you own and control the assets you are claiming as yours? And, second, do those assets really exist – and can you prove as much?”
About The Author
Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.
August 5, 2019
July 23, 2019