An introduction to auditing DLT and blockchain enterprises

  • Due to the particularities of DLT and blockchain technology, personnel forming part of the financial statements audit team will need to understand the technology itself, which often requires specialisation in IT auditing, cryptography and historical knowledge of the technology.
  • Furthermore system audits need to be performed by personnel that are aptly educated an experienced in or at the very least have a strong base in ITC, assurance and accounting and legal aspects of DLT technology.
  • Furthermore a hybrid of an auditor-software-engineer-lawyer role or a team of such professionals tightly-knit and working seamlessly will be necessary to cater for DLT-intensive clients from an audit perspective.
  • Such a role or team would entail significant support and investment for audit entities as they would have to furnish specific training for their personnel.

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