You’ll learn specific considerations for auditing digital assets, including client acceptance and continuance; risk assessment processes and controls; and laws, regulations and related parties. Auditing entities that hold or transact digital assets 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? You’ll learn to identify challenges, risks, and factors to consider when deciding to accept or continue with a client who holds or transacts with digital assets. Key topics you’ll explore, include: - The Digital Assets Working Group, its mission, and the process through which nonauthoritative guidance is developed - Private keys, ways to safeguard them, and the digital assets to which they enable access - The rapidly evolving nature of the digital asset ecosystem, the challenges when performing required procedures, and laws and regulations Valuable insights and resources related to digital assets After taking this course, you’ll gain insight into the unique aspects of the risk assessment process when involved in the digital assets space. Additionally, you’ll develop an 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’ll also get access to valuable resources, including: - Accounting for and Auditing of Digital Assets Practice Aid - Blockchain Universal Glossary - Webcast: Accounting for Digital Assets under U.S. GAAP - Digital asset resources Who Will Benefit - Accounting and finance professionals - CPAs - Auditors Key Topics - Client acceptance and continuance - Risk assessment and processes and controls - Laws and regulations and related parties Learning 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.