Services Web3 & Product Strategy
Crypto-specific
accounting
and auditing
services
Why is crypto finance
work different?

Crypto finance work tends to be more demanding because the underlying activity does not always fit neatly into ordinary accounting assumptions. Token flows, treasury movements, wallet structures, staking, rewards, internal allocations and exchange activity can create records that make sense operationally but are hard to explain cleanly to auditors, investors or regulators unless they are properly documented.

What should management have straight before audit or diligence?
Before audit or diligence, management should usually be able to explain:
  • 01 What assets the group holds and why;
  • 02 How wallets and treasury functions are controlled;
  • 03 How token movements are recorded;
  • 04 Which parts of the business generate revenue and how that revenue is recognised; and
  • 05 Whether the narrative in decks, DDQs and offering materials matches the underlying financial reality.
What usually causes problems?
Problems often arise where:
  • There is no clear bridge between operational records and finance records;
  • Token movements are not categorised consistently;
  • Treasury decisions are made informally and documented afterwards, if at all;
  • Disclosure language is drafted too broadly or too casually; or
  • External accountants are technically strong but unfamiliar with the business model they are looking at.
What is the practical
objective?
The practical objective is usually to make the finance position intelligible to an auditor. If the group can explain what happened, why it happened, where it was recorded and how it should be understood, the audit or diligence process is usually far smoother.
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