ATLANTA, — Verady, the leading cryptocurrency accounting and audit software company, today announced the company completed its System and Organization Control (SOC) 1 Type 1 certification for its Ledgible platform used for processing blockchain transactions. Verady was founded in 2016 specifically to help audit companies in the cryptocurrency and blockchain space. Since then, the company expanded its services into accounting and are launching tax now that the IRS has released its formal guidance.

“At Verady, we believe it is important for the integrity of the organization to have SOC compliance.  Cryptocurrency is new to many and this audit shows Verady has met and exceeded standards set for cryptocurrency accounting, financial reporting, and accounting tools for our customers in the blockchain industry,” said Kell Canty, CEO of Verady. “Further, we are continuing to work with our certifying firm on extending our SOC Audit to include continuous Type 2 issuance as well.”

Accuracy and quality of data is a priority for the company…

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Source: https://thebitcoinnews.com/verady-completes-rigorous-review-of-systems-processes-and-controls-for-soc-1-compliance/