Crypto Audits

Digital asset businesses operate in an environment where traditional financial reporting frameworks often struggle to keep pace with operational reality.

Exchange activity, custody structures, wallet flows, and on-chain/off-chain reconciliation create reporting challenges that require both technical understanding and practical scepticism.

We focus on:

• understanding actual transaction flows and custody arrangements
• assessing control frameworks and governance structures
• evaluating valuation methodologies under IFRS where applicable
• ensuring auditability of balances and movements

We bring a structured, control-focused approach to an environment where weak governance and poor transparency can create significant reporting and regulatory risk.

Crypto and digital asset audits often fail when firms apply traditional audit approaches without understanding how these businesses actually operate.

Common issues clients face include:

• auditors not understanding wallet structures or custody models
• repeated requests for data that is not operationally generated
• lack of clarity around proof-of-reserves methodologies
• inability to reconcile on-chain activity with financial records
• slow response times during fast-moving reporting periods
• inconsistent interpretation of regulatory expectations

We address this directly.

• understand blockchain-based transaction flows and custody structures
• focus on real control points, not theoretical frameworks
• challenge weak governance and unsupported valuation models
• prioritise auditability and transparency from day one
• maintain fast, direct communication during critical reporting cycles

We are direct about risk - especially where controls, governance, or transparency are not sufficient to support reporting integrity.