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The rapid penetration of Decentralized Finance (DeFi)

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Click here to download the The rapid penetration of Decentralized Finance (DeFi) publication 

PKF Antares with a head office in Calgary and branches across Canada offers a wide range of accounting services at competitive rates to fast growing companies in Canada. Our team provides a one-stop solution on Risk Management, Corporate Finance, Assurance, Accounting, Taxation and Internal Controls advisory.

Into the world economy has led to the rapid emergence of FinTech companies in segments such as A) crypto-currency mining, B) custodian of digital assets and C) payment processors. Consequently, the interest of investors is increasing in these sectors which increases the necessity and involvement of the Independent auditors to audit their financial statements.

Audit of crypto companies involves unique challenges, including testing of complex technology and compliance of regulatory frameworks. This article provides a structured approach on the audit of crypto companies, focusing on key areas like IT general controls (ITGC), IT application controls (ITAC), revenue, and compliance.

 

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