FAQs: When will PwC Switzerland’s 2018 audit of the Foundation be completed?
This is a question that we have answered here before but is worth repeating as we still see it come up in the community.
The Tezos Foundation is the only large-scale public blockchain foundation that has a “Big4” audit firm as its independent statutory auditor. The 2018 audit was recently completed and, as customary and mandated by Swiss law, the audit report has been filed with the Swiss Federal Supervisory Authority for Foundations. The audit took longer than planned due to the complexity and novelty of auditing cryptocurrency assets. The 2018 audit report is not a public document and the Foundation has committed to proactively publishing Biannual Updates to provide public accountability and transparency. The next Biannual Update is in its final stages and will be released next week. There will be a section in the update that speaks more about the nature of the completed 2018 audit and also the 2019 audit which is now underway.