CTF Written Submission

Re: SEC Crypto Task Force request for input

May 28, 2025
  • The Financial Accounting Standards Board (FASB) issued guidance requiring entities to measure certain crypto assets at fair value and reflect changes in net income each reporting period.
  • Auditors should establish the relevance and reliability of information from public blockchains when using it as audit evidence.
  • Institutional custodians often issue SOC 1 Type 2 reports to provide information about internal controls relevant to customers' financial statements.

Last Reviewed or Updated: May 29, 2025