Over the last decade, blockchain and its use of a distributed ledger has demonstrated its ability to disrupt the financial sector to create various initiatives by both businesses and entrepreneurs. This new and unique industry has catalysed the need for a traditional audit, tax and advisory service providers to also adapt in order to serve clients who operate in the cryptocurrency space.
Within Mazars, we have built sector specialism and expertise to provide businesses in the crypto sector with audit, tax, accounting and advisory services. After realising the potential that the industry has, we invested ample time into truly understanding blockchain technology. This allows us to add real value to our current and prospective clients who operate in this unique industry as well as to provide stakeholders with the quality assurance represented by the Mazars brand.
PRESS RELEASE: August 2020 Over the last five years, South Africa has emerged as one of the world’s most notable cryptocurrency adopters, and an estimated 13% of its internet users owning or using cryptocurrencies. With the South African Bitcoin/ZAR weekly trading volume – to name just one – currently standing close to R30million, there are various manners in which the South African Revenue...
The auditing profession is slowly but surely moving into a technological era with the use of data analytics, artificial intelligence (AI), data mining and now even blockchain technology. Blockchain technology does not only relate to cryptocurrencies, but has a much wider potential to disrupt various industries we operate in, including the auditing profession.
Partner Wiehann Olivier provides a clear picture of how a bitcoin transaction works in this simple, downloadable infographic. View below or download to keep on file. Should you or your organisation operating in the crypto space have any audit or consulting needs, please feel free to contact Wiehann.
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