Grant Thornton audits more than $10 billion in cryptoassets in three months – across 40 …

CHICAGO–(BUSINESS WIRE)–In a move that demonstrates its prowess auditing companies in the cryptocurrency industry, Grant Thornton LLP has announced that it audited more than $10 billion in cryptoassets during the first three months of 2019. Moreover, these audits covered 40 different cryptocurrencies across more than 100 million addresses.

Cryptocurrency companies face a growing imperative from investors and regulators to verify the existence and value of their stated assets. Grant Thornton is stepping in to help by marrying its proprietary cryptocurrency technology with its more than 90 years of audit experience and rigor.

“Cryptocurrency companies must contend with an auditing challenge that is at once simple and complex,” says Johnny Lee, national practice leader for Forensic Technology Services at Grant Thornton. “First, can you prove that you own and control the assets you are claiming as yours? And, second, do those assets really exist – and can you…