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Auditors are supposed be the most conservative form of humanity on earth. For the most part, members of audit teams are. They are organized, tactful, punctual and thorough.

Audit standards, on the other hand are broad, roomy and all inclusive. Professional judgment is applied during audits which poses risks for investors and regulators who rely on audit results. Audit managers are charged (by audit partners) to determine if an anomaly is an anomaly or something bigger.

If professional judgment warrants further investigation, the audit team digs deeper than the customary statistical sampling of accounts and transactions. But only a little…

If you dig a six foot hole, you might find two bodies. …


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AUDT Token to Govern World’s First Gamified Continuous Assurance and Real Time Financial Reporting Platform.

Applying traditional audit methodologies and processes to digital assets is like recording a synthesizer through an amplifier using an analogue microphone. Simply put, it lacks fidelity. Where digital assets are concerned, Auditchain proposes expert network enterprise external validation in real time by a network of CPAs and Chartered Accountants governed by an incentive system using the AUDT Token. Financial statements are also reported in real time.

Traditional assurance involves one auditor and one enterprise. They are paid by wire or by check. An opinion, signed in wet ink, is issued by the auditor on financial condition as of the end of the period under examination. Auditchain proposes that attestation levels be recorded by each of the several validators on every block, not once per year. …


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DCARPE Alliance welcomes æternity and Shyft Network

Digital ID and Decentralized Data Oracles to be Integrated into DCARPE Assurance and Disclosure Platform

DCARPE Alliance, an accounting, audit, financial reporting and blockchain technology consortium is pleased to announce that Shyft Network and æternity have joined as new members and premier service providers.

Shyft Network and æternity will become premier providers of digital identity infrastructure and decentralized data oracles, respectively, on the DCARPE Assurance and Disclosure Platform. Both will collaborate with Auditchain and other members of the DCARPE Alliance to integrate each service into the DCARPE Explorer as third-party service providers for enterprise consumption and utilization.

Auditchain; the founding member of DCARPE Alliance along with members in the technical category are leading the development and integration of the DCARPE Assurance and Disclosure platform; the world’s first decentralized continuous assurance and real time financial reporting protocol. …

About

Auditchain

http://auditchain.com. Auditchain is the world's first decentralized continuous audit and real time financial reporting protocol ecosystem. #DeFi

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