Three months ago EY announced a pilot for a cyptocurrency auditing tool called EY Blockchain Analyzer. Today it announced the acquisition of The Andy Crypto-Asset Accounting and Tax (“CAAT”) tool from startup Elevated Consciousness Inc. The addition helps to position the firm as a leader in cryptocurrency accounting and tax.
EY purchased the technology asset and patent, not the company.
The CAAT tool connects with multiple cryptocurrency exchanges and wallets. As a result, it enables a user to view cryptocurrency transactions and inventory clearly.
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