The American Institute of Certified Public Accountants offered new guidance on auditing the lending and borrowing of digital assets like cryptocurrencies.
The new chapter of the AICPA’s digital assets practice aid aims to help auditors address risks associated with the rapid growth of crypto markets, the association said in a press release Wednesday. It includes common scenarios with sample audit procedures from the perspectives of both crypto lenders and borrowers.
The resource is designed to make it easier for auditors to do their jobs, as they’ve been operating with minimal guidance, Di Krupica, senior manager of digital assets, assurance, and ...