CPAB Express – Existence of crypto-assets held by third parties

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Aug 19, 2022

On August 19, 2022, the Cana­dian Pub­lic Ac­count­abil­ity Board (CPAB) re­leased a bulletin that high­lights their concerns about the quality of evidence that some auditors are obtaining when auditing the existence of crypto-assets held in custody by third parties.

The bulletin describes things that CPAB believes auditors should be considering when auditing the financial statements of reporting issuers that use custodians to safeguard their crypto-assets.

Re­view the bulleting on the CPAB’s web­site.

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