Wonderful news!
The finishing touches have been applied to the Audit Consulting Tool (the “ACT”)
As soon as we get it moved to a public server, it will be released for everyone to see – only a few days away!
Don't Panic!
When you look at your account on the ACT, please be aware that we are still in the process of auditing individual accounts, and no adjustments have yet been made. When you see your account, you are likely to see great differences. Don't worry. Though differences are normal in most audits, many of these are not; a “bug” in the TQ program was causing problems with perceived balances, not true balances.
The ACT will show you a list of all transactions which were listed on the TQ database. This list was compared to other blockchains – immutable and unchangeable. From these comparisons, we have extracted what we believe to be the true blockchain transactions.
Many non-blockchain transactions (i.e., manual transactions) are still being reviewed. Some have been considered “Confirmed,” some “Unconfirmed.” During the audit the status for these transactions may change. So, more likely than not, your final balance is not correct; but, you can see where we are starting.
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Account Reviews
Once your account is reviewed, the results of our audit will show in the ACT within 7 days of completion. We will also send you a message to the email with which you signed up for the TQ account, telling you the audit on your account is complete. If you would like a personal reconciliation review, you can respond to the address indicated within that message.
We are auditing the accounts with the most discrepancies to accounts with the least amount of discrepancies.
Our Progress
Here are the discrepancy brackets again:
| Amount | No. of Accounts | Notes |
|---|---|---|
| Over $50K | 15 accounts | All customer accounts within this bracket have received the initial review. |
| $10K to $50K | 20 accounts | We are currently working within this bracket |
| $5K to $10K | 12 accounts | |
| $1K to $5K | 31 accounts | |
| $100 to $1k | 46 accounts | |
| $1 to $100 | 656 accounts | |
| Less than $1 | 29 accounts | Will not be reviewed - see below. |
| $0 | 448 accounts | Will not be reviewed - see below. |
- We will not audit accounts with less than one US Dollar discrepancy between the audited balance and transaction balance. The holders of these accounts will be sent an email shortly.
Our future updates will keep you informed as to which bracket we are currently working. Respectfully, we ask that you do not request where your place is within the audit list. Very few people are conducting these audits and our time is best spent on getting these completed.
Again, thank you for your patience, and keep watching for the next announcement. It will tell you when the ACT is ready - only a few days away!
The audit team
Dennis, Meredith, and Sherry