...Steven A. Harrast; Debra McGilsky; Yan (Tricia) Sun SUMMARY Cryptocurrencies pose several risks that impact the inherent risk assessments of auditors. The SEC has issued warnings about the risks ( Clayton 2017 ), and the PCAOB lists virtual assets as a key focus area in future inspections...

...Nishani Edirisinghe Vincent; Anne M. Wilkins SUMMARY The novelty, ambiguity, and the lack of official guidance surrounding cryptocurrency transactions impose additional audit risks that should be considered during client acceptance and retention and planning audit procedures. We develop a four...