PricewaterhouseCoopers (PwC) has entered a partnership with fintech company altshare to enhance the auditing of 409A company valuations, an important step for startups and private high-tech companies adhering to US laws.

This move is aimed at streamlining valuation audits by incorporating altshare’s algorithm, marking a shift from traditional methods.

According to a CTECH  report, the collaboration positions PwC alongside EY, who have been leveraging altshare’s platform to audit valuation reports.

Together, these two members of the Big Four accountancy firms now manage audits for nearly 80% of Israel’s private high-tech companies and startups.

Altshare’s proprietary algorithm is said to have been created to supplant the older, more laborious valuation techniques that depended on Excel spreadsheets and manual computations.

The digitisation of this process through altshare’s platform is set to expedite audits, enhance precision, and diminish costs.

Consequently, firms can allocate more resources to address intricate financial and strategic issues instead of routine calculations.

Section 409A valuations hold particular importance for companies that employ US personnel or Israeli-American citizens, as they ensure adherence to US tax regulations, further highlighted the report.

altshare founder and CEO Ronen Solomon was quoted by CTECH as saying: “Welcoming PwC as a client alongside EY marks a pivotal moment in our mission to transform company valuations

“This partnership underscores the growing demand for digital solutions in financial auditing, making the process faster and more reliable for companies and investors alike.”

Meanwhile, earlier in February 2025, India’s National Financial Reporting Authority (NFRA) detected flaws in the audit work carried out by PwC firms. NFRA’s findings follow its 2024 audit quality inspections.