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Learn about factors an auditor may consider concerning the relevance and reliability of information obtained from a public blockchain to be used as audit evidence.
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When designing and performing audit procedures, auditors are required to consider the relevance and reliability of the information to be used as audit evidence, including information obtained from an external information source. When auditing crypto-assets, because the assets only "exist" in digital form on a blockchain, the audit procedures typically involve using information obtained from a public blockchain.
Learn about the factors an auditor may consider regarding the reliability of a blockchain itself (from which the information is obtained) and the appropriateness of technological resources, such as block explorers (used to display the information recorded on a blockchain).
CPA Canada is committed to helping accountants understand the strategic importance of emerging technologies such as crypto-assets and blockchain. Check out our growing library of guidance resources to help you prepare for and manage the uncertainty they present.
It’s said that a crisis brings out the best in people and, in most cases, that’s true. But there is a dark side to tough times, as fraudsters prey on people who are uncertain and looking for easy answers.
March 18, 2020
The federal government’s actions and fiscal support to address the widespread and devastating economic fallout of the COVID-19 pandemic are welcomed by Chartered Professional Accountants of Canada (CPA Canada).
Listen to this special edition Practitioner’s Pulse webinar where we answer some frequently asked questions around practice management issues and some key financial reporting and auditing implications of COVID-19.