This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Audit considerations related to cryptocurrency assets and transactions

Published on: Aug 04, 2020

It is becoming common for financial statements to show material cryptocurrency balances and to reflect the results of cryptocurrency transactions. However, many auditors may have little or no experience with cryptocurrencies and therefore may not fully appreciate the challenges that auditing these items may present.

This publication provides auditors with examples of matters to consider when:

  • deciding whether to accept or continue an audit engagement when an entity has engaged in material cryptocurrency transactions
  • obtaining an understanding of the entity's information system for cryptocurrency transactions
  • identifying and assessing risks of material misstatements in financial statements related to cryptocurrency transactions and cryptocurrency balances

Download

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.