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Auditing Digital Assets: Considerations for Existence and Rights and Obligations

Friday, Dec. 4   1:00pm - 2:30pm

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1.50 Credits

Member Price $69.00

Non-Member Price $85.00

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Overview

Obtaining sufficient appropriate audit evidence regarding the existence and rights to digital assets remains one of the more complex challenges when auditing entities in this evolving space.

Based on the AICPA Practice Aid: Accounting for and Auditing of Digital Assets the webcast provides practical insights to help you identify relevant controls to test and potential procedures to perform specific to this topic.

You’ll discover:

  • Procedures auditors might consider when evaluating the reliability of information obtained from a public blockchain
  • Methods practitioners can use to access blockchain-recorded information, along with the risks associated with each approach
  • Potential audit procedures for digital assets held in self-custody or by a third party
  • Audit considerations related to third-party confirmations, including what to confirm and how to evaluate the reliability of responses

    Objectives

    • Recognize factors to consider when evaluating the reliability of information obtained from the blockchain.
    • Recall how to access information recorded on the blockchain.
    • Identify audit procedures when digital assets are held in self-custody.
    • Identify audit procedures when digital assets are held by a third-party custodian.
    • Recall digital asset third-party confirmation considerations.

    Highlights

  • Evaluating the reliability of information obtained from a public blockchain
  • Accessing information recorded on a blockchain
  • Audit procedures to address the existence and rights and obligations of digital assets held in self-custody
  • Audit procedures to address the existence and rights and obligations of digital assets held by a third party
  • Digital asset third-party confirmation considerations

    Designed For

  • Accounting and finance professionals
  • CPAs
  • Auditors

    Prerequisites

    None

    Notice

    You will receive an email from the AICPA with instructions to access the webinar.

    • Non-Member Price $85.00

    Member Price $69.00

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