📝 "Big Four" firm EY acquires crypto-assets tax tool to audit blockchains
Accounting giant Ernst & Young has acquired California-based Elevated Consciousness to gain access to the Andy Crypto-Asset Accounting and Tax (CAAT) technology, a tool which links with multiple crypto wallets and exchanges thus enhancing the visibility of transactions and inventory. The CAAT tool will position the auditing firm as a leader, allowing it to serve various organizations that are adopting crypto-assets and to assess the risk associated with the reporting of taxable income for crypto assets. The CAAT tool will likely be integrated into EY's Blockchain Analyzer portfolio.
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