It’s obvious that the big and sophisticated enterprises around the world are faced with the challenge of anomalies found with the use of a tool called Standardized independent audit assessment. Although, this method usually results in a good achieving a great and recommended Data integrity. However, the loop holes and anomalies found or detected in this process allow the enterprise to find out the existence of Fraud and error affecting the effectiveness and efficiency of the enterprise.
Although this method might be helpful, but for it to adequately and efficiently work, some unauthorized bodies have to be kept away from interrupting the process.
Presently, this is the method in which financial markets depend on; they work with whatever the independent review and audit process has to offer them. This is a CENTRALIZED audit system which does not go well with companies due to interferences by a central body . This therefore is the reason for the creation of AUDIT CHAIN .
WHAT AUDIT CHAIN HAS TO OFFER
It will interest you to know that AUDIT CHAIN is creating the first Decentralized and continuous Audit as well as real time financial reporting protocol in the world. The kind that has never been seen. This is meant to replace the existing Centralized system of financial Auditing and increase effectiveness and efficiency in detecting fraudulent activities and financial errors in companies.
AUDIT CHAIN will achieve this goal by allowing continuous external validation of enterprise system and also allowing the existence of an environment where financial data and disclosure is controlled by different chattered accountants and a group of CPAs. Also, with the use of DCARPE Alliance which is known to be a system which is made up of Audit and financial reporting Consortium, accounting and CPAs, chattered accountants soft ware providers to companies as well as developers who in one way or the other are part of those contributing resources that leads to the development and adoption of DCARPE Assurance and disclosure protocol
Order than this, AUDIT CHAIN also allows different companies and enterprises to offer a great assurance to every stakeholder by using an external validation by a Decentralized consensus based system. Leveraging on the blokchain technology AUDIT CHAIN will transform the financial Audit system globally.
AUDITCHAIN TOKEN AND USE CASES.
The team of AUDIT CHAIN has created a token that will power the AUDIT CHAIN ecosystem globally. This token will serve several purposes in the ecosystem. Some of the use cases of AUDIT Token include but not limited to:
-Having access to AUDIT CHAIN Network: with AUDIT token, holders will be able to access the Applications and enjoy a sophisticated and innovative Decentralized Network of enterprise assurance and reporting that is highly secured and effective.
-Enjoying audit chain network services: As a driver of the Auditchain ecosystem, Audit token will serve as the main utility token for every enterprise services as well as payment for assurance and disclosure.
-With Audit Token, stakeholders and investors are sure of an outstanding transparency when it comes to provision of network services.
-Payment of Audit Fees: by being a part of the Audit ecosystem and holding some Audit Tokens, users stand a chance of enjoying a relatively low Audit fees and can as well be reduced to zero Audit fees.
-Another important use case of Audit token is the fact that it gives assurance to Premium stakeholders. With Audit token, stakeholders have the opportunity to unlock and view granulated enterprise Audit analytics and financial performance details with a high rate of transparency and openness from enterprise system and control statistics that has to do with a true life financial activities.
AUDIT CHAIN IEO
AUDITCHAIN is organizing an Initial Exchange offering ( IEO) to give crypto enthusiasts and the general public opportunity to be part of this innovative system. You can join Audit IEO on Exmarket.com via this link: https://exmarkets.com/launchpad and earn a huge bonus depending on the time of your investment.
AUDITCHAIN is a unique project that will transform global companies and enterprises using a Decentralized Auditing system void of interferences from intermediaries.
You can get more information and regular updates using the website and whitepaper as well as joining Auditchain on social media.
Website: https://auditchain.com/
Whitepaper: https://auditchain.com/wp-content/uploads/2019/05/Auditchain-Whitepaper.pdf
Telegram: https://t.me/Auditchain_Community
Twitter: https://twitter.com/auditchain
Face book : https://www.facebook.com/auditchain/
Ann thread: https://bitcointalk.org/index.php?topic=5152521.0
Authour’s btt url: https://bitcointalk.org/index.php?action=profile;u=1760015;sa=summarya8
Author’s Name: nesbee2
images are from Auditchain website