Auditing digital assets: Client acceptance and continuance, risk assessment, and laws regulations and related parties

Overview

Auditing entities that hold or transact digital assets (bold)

Would you like to better understand the environment of digital asset transactions? Have you ever wondered if you should accept or continue a client engagement?

This webcast will help you identify challenges, risks and factors to consider when deciding to accept or continue with a client who holds or transacts with digital assets.

During the webcast and discussion, you will learn:

The Digital Assets Working Group's mission and the process through which nonauthoritative guidance is developed

What private keys are and ways to safeguard them and the digital assets to which they enable access

About the rapidly evolving nature of the digital asset ecosystem that may lead to challenges when performing required procedures surrounding laws and regulations

You will gain:

Insight into the unique aspects of the risk assessment process when involved in the digital assets space

Awareness of the pseudo-anonymous nature of digital asset transactions that may lead to challenges in performing required procedures surrounding related-party relationships and transactions with related parties

You will also gain access to valuable resources:

Accounting for and Auditing of Digital Assets Practice Aid

Blockchain Universal Glossary

Webcast: Accounting for Digital Assets under U.S. GAAP

Digital Asset Resources

Highlights

Client acceptance and continuance

Risk assessment and processes and controls

Laws and regulations and related parties

Prerequisites

none

Designed For

Accounting and finance professionals

CPAs

Auditors

Objectives

Recognize the terminology associated with auditing entities within the digital asset ecosystem.
Identify applicable auditing standards and unique audit challenges related to: client acceptance and continuance; risk assessment and processes and controls; and laws, regulations and related parties.
Identify potential factors to consider and procedures to perform in response to the challenges identified.

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by AICPA.