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Audit Financial Services

Challenges in auditing cryptocurrencies

As crypto-currencies are currently still little regulated and their value fluctuates relatively strongly, this not only entails certain business risks - there are also risks in the audit of the financial statements, for example the valuation uncertainty. If a company holds a significant part of its assets in cryptocurrencies such as Bitcoin or Ethereum, there are several things to consider. In addition to the profession of auditing, specific knowledge about the crypto ecosystem and blockchain is necessary.

In the article "Kryptos fordern die Abschlussprüfer", Christian Bögli and Michael Merz explain which audit risks exist for companies with cryptocurrencies and how they can be minimised.

Read more... - PDF (in German) [ 357 kb ]