The Accountant Quits Podcast #71: Internal Controls for Digital Assets with David Byrd from EY
Aug 22, 2024
David Byrd, a Partner and Blockchain Strategy Leader at EY, dives into the world of internal controls for digital assets. He discusses the unique challenges faced in auditing this rapidly evolving space, including the need for specialized expertise. Byrd contrasts centralized and self-custody practices, emphasizing robust internal controls. He highlights the importance of accurate blockchain data and the significant impact of having a SOC 2 report. The conversation also touches on 'proof of reserves' in light of recent events in the crypto market.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8
Intro
00:00 • 2min
Navigating Digital Asset Audits
02:16 • 14min
Exploring Internal Controls in Digital Asset Auditing
16:29 • 3min
Auditing Techniques for Blockchain Data Accuracy
19:12 • 6min
Navigating Web3 Financial Operations and Auditing Challenges
24:46 • 4min
Navigating Audit Readiness in Digital Assets
28:37 • 9min
Navigating Independence in Digital Asset Auditing
37:46 • 4min
Understanding Proof of Reserves and Blockchain Applications
42:00 • 14min