Technical Accounting & Specialized
Digital Assets & Crypto Audit
AI-native support for digital asset and crypto audits, from valuation to custody and existence.
A digital assets and crypto audit tests some of the hardest questions in accounting: what the holdings are worth, whether they exist, and who controls them. Modus is an AI-native firm that helps you get a digital assets and crypto audit done, bringing conservative, well-documented analysis to valuation, custody, and existence so your positions hold up to scrutiny.
What is a digital assets and crypto audit?
A digital assets and crypto audit is the examination of an entity’s cryptocurrency and other digital asset holdings, focused on valuation, existence, and the controls over custody. Under FASB fair-value guidance for crypto (ASC 350-60, introduced by ASU 2023-08), many crypto assets are measured at fair value with changes in net income. Existence and custody depend on evidence tied to wallets and keys, and reporting entities may face proof-of-reserves considerations.
Who needs a digital assets and crypto audit?
- Companies holding cryptocurrency on their balance sheet.
- Exchanges, custodians, and platforms holding customer assets.
- Funds and treasuries with material digital asset positions.
- Businesses facing investor or lender requests for assurance.
What a digital assets and crypto audit covers
- Fair-value measurement of holdings under ASC 350-60.
- Existence testing tied to on-chain evidence.
- Custody and control review of wallet and key management.
- Proof-of-reserves considerations where relevant.
- Completeness of the digital asset population.
- Source-linked support for each balance and control.
How Modus helps with your digital assets and crypto audit
Modus starts with your holdings, wallet data, and custody arrangements. Our AI-native tooling reconciles on-chain records to your ledger, drafts the fair-value analysis, and organizes the existence and completeness evidence, while our technical team applies conservative judgment to valuation and controls. Because workpapers link to on-chain and custody evidence, audit teams ask fewer questions and the process moves faster. We clarify whether we are supporting your audit or advising on readiness before we begin.
Why choose Modus
- Deep expertise in digital asset valuation and controls.
- Tooling that reconciles on-chain data to the ledger.
- Conservative, source-linked support for each position.
- Top-firm rigor at a middle-market price.
- A turnaround measured in weeks, often around four.
Frequently asked questions
How are crypto assets valued under current guidance?
Under ASC 350-60, introduced by ASU 2023-08, many crypto assets are measured at fair value with changes recognized in net income each period. Modus helps you build and document the fair-value analysis with support tied to observable market data.
How does Modus help prove existence of digital assets?
We reconcile on-chain records to your ledger and gather evidence tied to the wallets and keys that control the assets. This supports both existence and completeness, with each conclusion linked to its source evidence.
Can Modus help with proof of reserves?
Yes, where it is relevant to your reporting. We help you assemble and document proof-of-reserves evidence conservatively, and we clarify the scope and its limitations before the engagement begins.
Why Modus
Audits at the speed of business
Modus helps you get a faster, higher-quality Digital Assets & Crypto Audit — top-firm rigor, source-linked workpapers, and far fewer questions for your team.
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