Tezos Foundation Engages ‘Big Four’ Firm PwC for Independent Audit
Major auditing firm PricewaterhouseCoopers (PwC) Switzerland has agreed to conduct an independent audit of the Tezos Foundation’s finances and operations, the foundation announced on Monday.
PwC, considered one of the “Big Four” auditing firms, will review the finances of the Tezos Foundation, which is holding hundreds of millions of dollars worth of cryptocurrencies and other assets raised from the project’s then-record initial coin offering (ICO) in summer 2017.
In a statement, the foundation — which underwent a major reshuffle earlier this year following months of infighting between Tezos creators Arthur and Kathleen Breitman and former foundation President Johann Gevers — stated that the audit is indicative of its commitment to operate with the “highest degree of integrity.”
“The Foundation is committed to operating with the highest degree of integrity in the service of our mission to support the Tezos protocol, ecosystem, and community. Engaging a top-tier independent external auditor ensures that the Tezos community and its observers can trust our operations…