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محتوای ارائه شده توسط Umar Mallam Hassam. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Umar Mallam Hassam یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal
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#71: Internal Controls for Digital Assets with David Byrd from EY

55:50
 
اشتراک گذاری
 

Manage episode 435677390 series 3394208
محتوای ارائه شده توسط Umar Mallam Hassam. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Umar Mallam Hassam یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

When it comes to internal controls, management is responsible for designing, implementing, and maintaining effective internal controls.

Auditors on the other hand would test for the operating effectiveness of these controls.

Many auditors today lack the specialized expertise needed to provide assurance for companies holding digital assets, but if we are rooting for cryptocurrencies to become mainstream, auditors will have to quickly come to grips with how to provide assurance for digital assets.

Blockchain has the potential to allow auditors to have absolute assurance over on-chain transactions, which is an enormous leap forward from the limiting sample-based approach currently used.

To help us know understand the knowledge gap, I spoke with David Byrd, a Partner and the Blockchain Strategy Leader at E&Y US.

Topics covered;

  • TAQ intro (0:00)
  • Episode intro (1:04)
  • David’s story into blockchain (2:43)
  • Challenges specific to digital assets (4:28)
  • Centralized Custody vs. Self-Custody (7:40)
  • Good practices around storage of private keys (11:59)
  • Sponsor Harris & Trotter's Scholarship & Job Guarantee Program (16:28)
  • Completeness and accuracy of data on blockchains (18:32)
  • Thanks to our sponsor Web3Finance Club (25:15)
  • How not having a SOC 2 –Type II report will affect your audit process (26:57)
  • Understanding audit readiness (33:33)
  • Independence threat of audit readiness (37:51)
  • Digital assets services provided by EY US (39:16)
  • Proof of reserve post-FTX meltdown (42:08)
  • Real-world blockchain use cases (45:11)
  • How web3 auditors & accountants can upskill (47:19)
  • The 3 main points to summarize (51:33)
  • How we can make the future of crypto better (53:19)
  • How to reach out to David (54:17)

Follow The Accountant Quits:

LinkedIN: linkedin.com/company/the-accountant-quits

Twitter: twitter.com/accountantquits

Follow David Byrd:

LinkedIN: https://www.linkedin.com/in/david-byrd-2727054/

Review

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes.

Website

For show notes and past guests, please visit theaccountantquits.com/podcast/

  continue reading

75 قسمت

Artwork
iconاشتراک گذاری
 
Manage episode 435677390 series 3394208
محتوای ارائه شده توسط Umar Mallam Hassam. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Umar Mallam Hassam یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

When it comes to internal controls, management is responsible for designing, implementing, and maintaining effective internal controls.

Auditors on the other hand would test for the operating effectiveness of these controls.

Many auditors today lack the specialized expertise needed to provide assurance for companies holding digital assets, but if we are rooting for cryptocurrencies to become mainstream, auditors will have to quickly come to grips with how to provide assurance for digital assets.

Blockchain has the potential to allow auditors to have absolute assurance over on-chain transactions, which is an enormous leap forward from the limiting sample-based approach currently used.

To help us know understand the knowledge gap, I spoke with David Byrd, a Partner and the Blockchain Strategy Leader at E&Y US.

Topics covered;

  • TAQ intro (0:00)
  • Episode intro (1:04)
  • David’s story into blockchain (2:43)
  • Challenges specific to digital assets (4:28)
  • Centralized Custody vs. Self-Custody (7:40)
  • Good practices around storage of private keys (11:59)
  • Sponsor Harris & Trotter's Scholarship & Job Guarantee Program (16:28)
  • Completeness and accuracy of data on blockchains (18:32)
  • Thanks to our sponsor Web3Finance Club (25:15)
  • How not having a SOC 2 –Type II report will affect your audit process (26:57)
  • Understanding audit readiness (33:33)
  • Independence threat of audit readiness (37:51)
  • Digital assets services provided by EY US (39:16)
  • Proof of reserve post-FTX meltdown (42:08)
  • Real-world blockchain use cases (45:11)
  • How web3 auditors & accountants can upskill (47:19)
  • The 3 main points to summarize (51:33)
  • How we can make the future of crypto better (53:19)
  • How to reach out to David (54:17)

Follow The Accountant Quits:

LinkedIN: linkedin.com/company/the-accountant-quits

Twitter: twitter.com/accountantquits

Follow David Byrd:

LinkedIN: https://www.linkedin.com/in/david-byrd-2727054/

Review

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes.

Website

For show notes and past guests, please visit theaccountantquits.com/podcast/

  continue reading

75 قسمت

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