Crypto Basics and Audit Considerations (Completed)

This online course provides auditors and financial professionals with a foundational understanding of cryptocurrency, blockchain technology, and the audit considerations associated with this rapidly evolving asset class. As organizations across industries increasingly accept, hold, and transact in crypto assets, auditors must develop the knowledge and skills needed to evaluate risk, assess internal controls, and perform appropriate audit procedures.

In this course, you will explore key crypto terminology, blockchain mechanics, relevant audit standards, and documentation requirements. The course walks through planning considerations, internal control testing, risk assessment, sampling, and substantive testing procedures specific to crypto assets and liabilities. You will also learn about new regulatory developments, including GENIUS Act requirements, disclosure expectations, and audit impacts. Practical tools and real‑world examples help demystify blockchain data sources, including block explorers and verification tools.

Who Should Attend
This course is ideal for professionals seeking to strengthen their understanding of crypto assets and related audit procedures.

Topics Covered

• Blockchain fundamentals and crypto asset classifications
• Key crypto terminology and ecosystem components
• Audit requirements for crypto assets and liabilities
• Audit planning and risk assessment for crypto environments
• Internal controls over digital wallets, private keys, and access management
• Testing procedures, sampling, and documentation expectations
• Use of blockchain explorers and verification tools
• Regulatory guidance, disclosure rules, and GENIUS Act requirements

Learning Objectives

• Apply audit procedures to evaluate the existence, valuation, completeness, and rights and obligations of crypto assets and liabilities
• Identify tools and blockchain explorers used to obtain transaction data, wallet information, and network metrics
• Explain core revenue recognition concepts as they apply to crypto‑related transactions
• Differentiate financial statement assertions relevant to crypto account balances
• Recognize the IFRIC guidance that cryptocurrency holdings fall under IAS 38 Intangible Assets (2004)
• Identify binomial distribution concepts relevant to sampling in crypto audits
• Evaluate GENIUS Act requirements and their implications for crypto audit reporting

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None