#72: Audit & Attestation Tools for Digital Assets with Jeremy Nau from LedgerLens

Sep 6, 2024

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As the world moves “on-chain,” so too will the need for auditors.

With auditors naturally evolving their practices from periodic paper reporting, to digitally native, API-enabled, Oracle-ready, and real-time reporting.

But how do auditors bridge the gap and how can the auditing industry as a whole remove the technical barriers to entry?

Enter LedgerLens, a platform made for auditors, by auditors.

Providing a suite of crypto-audit and attestation tools, enabling auditors to complete financial statement audits with digital assets on the balance sheet. LedgerLens also provides additional “Proof of Reserve”-specific tooling, enabling you to take on new engagements for stablecoins, exchanges, and RWAs.

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Topics covered;

(0:00) TAQ intro
(1:04) Episode intro
(2:58) Being at Armanino & FTX Saga
(8:24) Proving ownership of private keys
(14:29) Setting up in-house nodes
(16:55) Using LedgerLens to validate audit assertions
(19:17) Crypto knowledge to use LedgerLens
(20:29) Sponsor Harris & Trotter | Scholarship & Job Guarantee Program
(22:40) Is LedgerLens live or in private beta
(23:42) Onboarding and 1st audit engagement
(26:14) Proof-of-reserves toolkits
(32:14) Target audience for proof-of-reserves toolkits
(33:00) Trusting oracle networks & role of auditors with RWA
(36:43) Tricky categories for RWA
(38:52) Thanks to our sponsor Web3 Finance Club
(40:34) Do auditors rely on subledger data
(43:23) How to choose a subledger
(45:01) The Network Firm & its services
(46:45) Steps to become a Crypto Accounting Practice - Article
(52:00) Main Takeaways
(53:31) Jeremy's Maxim - Proverbs 23:23
(55:04) How to contact Jeremy