From crypto assets to NFTs (non-fungible tokens), public companies are engaging with digital assets in a variety of ways – some through more straightforward applications, like investing, and others by exploring new opportunities to engage with customers and improve business processes. Digital assets and the underlying technology, blockchain, present new risks that public companies should bear in mind and that audit committees should consider as part of their oversight duties.
This publication is a primer for audit committees on this emerging area. It will help:
Set the stage for why and how companies may be engaging with digital assets
Lay out questions audit committees may pose to management and their auditors regarding their digital assets
Review risk and financial reporting considerations when it comes to digital assets
The latest news and
resources from the CAQ.