Audit Templates (Standalone)

Planning

• The auditor should determine whether specialized skill or knowledge is needed.
• The engagement team may need specialized skill or knowledge in the areas of cryptography, distributed ledger technology, valuation, and laws and regulations (including with respect to know-your-customer (KYC) and antimoney laundering (AML) provisions).
• Differing business models and technologies underlying transactions in cryptoassets (e.g., generating new coins vs. trading existing ones) may require different skills, knowledge, and resources (including specialized audit software) to identify, assess, and respond to risks of material misstatement.
• The engagement team may need specialized skill or knowledge in applying existing legal and regulatory frameworks to cryptoassets. The U.S. Securities and Exchange Commission (SEC) staff provides information and guidance about digital assets on its website

For audit risks associated with cryptocurrency download the template.

#Financial
#Procedures