Auditing Digital Assets: Entity’s Use of a Service Organization

Overview

Auditing entities that hold or transact digital assets and use service organizations

Although the use of digital assets is rapidly expanding, guidance on how to effectively account for and audit digital assets has not kept pace. This is where the AICPA can help.

Based on the AICPA Practice Aid Accounting for and Auditing of Digital Assets, this webcast can help you determine what to do when your client uses a service organization to help transact in, safeguard, or account for its digital assets.

You’ll discover:

How to identify whether a service organization is present, including how to determine the nature of the services provided

Key considerations when a service organization provides services related to digital assets, including the role of a SOC report in understanding the control environment

The risks, challenges and factors to consider when performing audit procedures when service organizations are being utilized

Objectives

Identify whether a service organization is present, including the nature of the services provided.
Identify key considerations when a service organization provides services related to digital assets.
Recall key risks and considerations involved when evaluating whether the SOC report provides sufficient appropriate evidence.

Highlights

Understanding the entity and its environment and the service organizations role related to digital assets

SOC 1® and SOC 2® reports as sufficient appropriate evidence

Risks and challenges associated with performing audit procedures involving service organizations.

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.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Kyle Sewell, AICPA

Leader Bios

Kyle Sewell, AICPA

Kyle Sewell BDO Kyle Sewell, Assurance Principal, BDO USA, P.C. Kyle has over 15 years of financial audit and advisory experience serving SEC registrants and private clients across multiple industries. Kyle is an alum of Deloitte’s National Office where he led consultations and developed audit guidance over several subject matter areas, including internal controls, income taxes, revenue recognition, and risk assessment. Kyle currently serves as a Technical Principal for the South-Atlantic Market where he assists clients and engagement teams with the resolution of complex auditing and accounting matters, as well as professional standards and firm policies. Kyle also leads the firm’s development of guidance, including tools and techniques, on how to audit of digital assets. In this role, Kyle also actively contributes as a thought leader on the AICPA’s Digital Assets Audit Subgroup.

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