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Viewpoints (Auditing crypto-assets): Relevance and reliability of information from a blockchain

Learn about factors an auditor may consider concerning the relevance and reliability of information obtained from a public blockchain to be used as audit evidence.

When designing and performing audit procedures, auditors are required to consider the relevance and reliability of the information to be used as audit evidence, including information obtained from an external information source. When auditing crypto-assets, because the assets only "exist" in digital form on a blockchain, the audit procedures typically involve using information obtained from a public blockchain.

Learn about the factors an auditor may consider regarding the reliability of a blockchain itself (from which the information is obtained) and the appropriateness of technological resources, such as block explorers (used to display the information recorded on a blockchain).

Further reading

CPA Canada is committed to helping accountants understand the strategic importance of emerging technologies such as crypto-assets and blockchain. Check out our growing library of guidance resources to help you prepare for and manage the uncertainty they present.