One of the companies, which is part of the “big four” – PriceWaterhouseCoopers, namely its Swiss division, will conduct an audit Tezos Foundation.
PwC will act as the external auditor and will examine the finances and operations of the organization. This is the first case where the “blockchain company [was adopted as a client to audit”] firm “big four”, according to a press release.
We strive to work with maximum honesty in the service of our mission to support the Protocol, ecosystems and communities Tezos. The involvement of an independent external auditor of the highest level ensures that the Tezos community and investors can trust as we use the finances and conduct of the operation.
Last month Tezos launched its network for beta testing. The blockchain is based on evidence rates. At the moment there are only 26 validators, or “bakers” as they are called in Tezos, their number is expected to continue to rise. What 8 of these 26 representatives are somehow connected with the Fund itself.
Over the past few years PwC has been actively working in the field of blockchain and the blockchain provides services for companies that want to use the technology of distributed registries. In November last year, the Hong Kong branch of PwC has started to accept payments in cryptocurrency.
PwC announced last week that it will participate, together with other audit firms “big four” of Deloitte, EY and KPMG to test the blockchain, developed by the Taiwan financial information service (FISC) for transactions of public companies in the country. The system will enable the auditors to authenticate financial transactions between public companies and third parties.