10 months ago

Ernst & Young (EY), which is one of the so called “Big Four” tax and accounting companies in the world, bought technological assets from an American start-up company Elevated Consciousness. The deal includes a tool called Andy Crypto-Asset Accounting and Tax (CAAT), which can be connected to numerous exchanges and wallets and be used to monitor cryptocurrency transactions, BlockTribune reported.

EY representatives said that this tool makes the company one of the leaders on the audit market, allowing to work with various organizations that implement cryptocurrency assets into their processes.

In 2016, EY became the first Big Four company to accept bitcoin as a means of payment for its advisory services.