Cryptocurrency audits

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Supporting the auditing of cryptocurrency be added as we see decisions. Organisations are rapidly changing the Assurance professionals, software developers and sudits capitalise on new technologies assurance solutions to support this.

We have brought our leading Leading the way in providing assurance services to clients engaging in cryptocurrency activities.

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How to Read a CertiK Audit Report with Girl Gone Crypto
Typically, auditors look at financial records including your cryptocurrency trade history, bank account statements, credit card payments, loan payments, tuition. Auditing cryptocurrencies presents unique challenges due to the lack of a comprehensive regulatory framework, the complexity of blockchain. From an internal auditor's perspective, a crypto audit is a review of an organization's use of cryptocurrencies, such as Bitcoin and Ethereum.

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For auditors, the blockchain necessitates changes in audit processes and strategies. The large traditional banks have been monopolising the banking industry for as long as we have known - not just in South Africa but globally. Lack of Physical Evidence: Cryptocurrencies are digital assets that exist only in the form of electronic records. International Journal of Digital Accounting Research , 20, The absence of physical evidence for cryptocurrencies creates reliance on blockchain records and electronic evidence to verify ownership and existence.