Sticking with the auditor theme today, the CAQ recently published a report titled: “The Role of the Auditor in Digital Assets: Present and Future.” Some of the key themes addressed in the report include:

– The current state of the digital asset ecosystem, including regulatory developments;

– How auditors are well-positioned to provide attestation services to enhance trust in the digital asset ecosystem; and

– Considerations and questions for boards, regulators, and policymakers as the digital asset ecosystem continues to evolve.

The report notes that auditors looking for information related to auditing digital asset transactions can refer to the AICPA practice aid, Accounting for and Auditing of Digital Assets, which provides nonauthoritative guidance on how to account for and audit digital assets.

– Dave Lynn