Published on July 24th, 2018 | by bitcoin0
“Big 4” Firm PWC Hired by Tezos for External Audit
“Big Four” financial firm PriceWaterhouseCoopers’ Switzerland branch will audit the Tezos Foundation, the latter announced Monday.
The Foundation explained that PwC Switzerland will act as an external auditor and examine at the organization’s finances and operations.
This is the first time a “large-scale blockchain organization [has been] accepted as an audit client” by a Big Four firm, the Foundation said in a press release.
Engaging a top-tier independent external auditor ensures that the Tezos community and its observers can trust our operations and use of finances.”
The system will allow auditors to verify the authenticity of the financial transactions between those public companies and third parties.