New EY CAAT launches EY crypto-assets accounting/tax tool.

BANKING AND CREDIT NEWS-March 8, 2019-New EY CAAT launches EY crypto-assets accounting/tax tool

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New York-based Ernst & Young LLP has announced it has launched its technology solution EY Crypto-Asset Accounting and Tax (CAAT) tool, which facilitates accounting and tax calculations for cryptocurrency transactions, the company said.

The US rollout is part of the EY strategy to lead the industry with blockchain-related capabilities and services worldwide.

The software was developed by integrating recently acquired technology assets and related patents with other EY processes for total functionality. The acquisitions were led by EY Foundry, a corporate venturing unit within EY Tax charged with developing...

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