Decentralized Continuous Audit & Reporting Protocol Ecosystem

Auditchain is leading the development of the world’s first decentralized continuous audit and real time financial reporting protocol ecosystem for digital asset and enterprise assurance and disclosure. Auditchian enables continuous external validation of enterprise system and control, financial data and disclosure control environments by a network of CPAs and Chartered Accountants. The DCARPE Alliance is an accounting, audit and financial reporting consortium consisting of CPAs, Chartered Accountants, enterprise software providers and developers who are contributing resources to the development and driving adoption of the DCARPE Assurance and Disclosure Protocol. Auditchain enables enterprises to provide stakeholders with the highest levels of assurance through decentralized consensus-based enterprise external validation.

Problem:

Estimated theoretically, the bigger, the more complex and automated the company, then
the higher the likelihood of anomalies being detected using standard independent audit assessments, as done independently and likely to lead to the ability to arrive at fair system representation and data integrity. Anomalies provide instructions that allow detection of errors and fraud. Proof of this theory is based on relative reliability from a historical point of view independent judgment uses these and other “through computers” standards and methods but its reliability also depends on preventing unauthorized console intervention (1). Additional audit practices suggest that in theory, the high probability that volume, repetition, and uniformity of accounting and ERP system data is
deterministic enough to arrive at a reliable independent conclusion.

Such conclusions are opinions and are based in part on written representations by company management that are further dependent on and subject to internal management evaluations of internal reporting and disclosure controls.

Solution:

Auditchain proposes to create an ecosystem that includes blockchain protocols and open source smart accounting contract libraries that are sufficient to capture, process, audit and report on company data and performance data continuously in real time based on continuous independent audits that exceed the flow of accounting, audit and control standards . Public-based presentation layers and / or permissions propose to create in real time, at the close of each block; balance sheet, income statement, cash and statement of changes in shareholders’ equity reports that have capacities far exceeding the reliability of existing reporting standards.

Driving the New Trustless Assurance Economy

The AUDT Token functionality powers the new world of decentralized assurance and disclosure. It’s what drives transparency of the modern enterprise from initial certification, early detection and remediation to financial reporting in real time with the highest levels of assurance through decentralized enterprise external validation.

Wanna take a ride?

AUDITCHAIN NETWORK ACCESS

The AUDT Token unlocks a suite of applications and the most robust and secure decentralized network of enterprise assurance and reporting services.

AUDITCHAIN NETWORK SERVICES

The AUDT Token is the base currency and utility for enterprise application service, assurance and disclosure payments. AUDT unlocks network services that provide the highest levels of transparency to investors and stakeholders at a fraction of the cost of traditional audit and reporting.

AUDITCHAIN NETWORK INTEROPERABILITY

As a layer two protocol, Auditchain provides seamless interoperability between private and public blockchains which enables robust utility and atomic settlement of trade payables.

AUDT FEES

AUDT Fees for enterprises can be reduced to zero through subscription revenue sharing and enterprise participation in the decentralized trustless assurance ecosystem.

PREMIUM STAKEHOLDER ASSURANCE

AUDT enables stakeholders to unlock and view granulated enterprise audit analytics and financial performance detail that provide the highest levels of transparency from enterprise system and control statistics to real time financial performance.