Audit and advisory services for blockchain and digital assets has been saved
Audit and advisory services for blockchain and digital assets
Helping you address the challenges of financial reporting and complex risks of blockchain solutions
Blockchain solutions can increase transparency and security. But they can also entail a host of new financial reporting challenges. Our blockchain and digital asset advisory services can help your organization address blockchain-related risks and understand the benefits of this potentially promising technology.
The built-in challenges of blockchain solutions
Blockchain has long since emerged from its roots as a promising new technology to become an increasingly mainstream solution with a range of practical business applications. Manufacturers can use blockchain solutions to help improve the transparency and quality of their supply chains. Other businesses might use it to increase the security of financial transactions. Some others may even explore how blockchain-based digital asset transactions and cryptocurrencies might fit into to their financial portfolio.
Despite its emergence more than a decade ago, blockchain continues to bring its own set of complex financial reporting risks. Emerging disruptors, tokenized businesses, digital asset exchanges, and any other organizations using blockchain or investing in digital assets face tough questions, including:
- What internal controls do we need to implement for blockchain solutions and digital asset management?
- What information about our blockchain use will our auditors need?
- How can we properly account for and disclose our digital asset transactions?
- How do our blockchain solutions and digital assets fit into preparation for an upcoming IPO?
Setting up and executing a blockchain strategy can be very complex. An experienced and knowledgeable guide can be invaluable.
The services described herein are illustrative in nature and are intended to demonstrate our experience and capabilities in these areas; however, due to independence restrictions that may apply to audit clients (including affiliates) of Deloitte & Touche LLP, we may be unable to provide certain services based on individual facts and circumstances.
New risks and the need for new controls
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