Digital Assets

While cryptocurrency and distributed ledger technologies have broadened in significance well beyond Bitcoin, the underlying technologies have created new challenges for financial reporting surrounding digital assets. Our in-house digital asset specialists can help you meet those challenges. An important part of our approach includes taking a step back and looking at your business holistically to better understand your business and related needs.
 
Cohen & Company has developed one of the leading cryptocurrency audit and tax practices in the country, with more than 100 professionals providing in-depth expertise related to digital assets, initial coin offerings (ICOs) and crypto exchanges. Full integration with our nationally recognized Investment Industry Services team has enabled us to develop specific, tailored procedures for the audits of cryptocurrency funds. Specifically, we serve more than 100 cryptocurrency funds, working with new managers, administrators, exchanges and attorneys in this evolutionary sector of alternative investments. Our team goes beyond traditional audit and tax services to offer stable coin attest services; SOC reports for custodians of digital assets; crypto-specific outsourced CFO services; and crypto-specific operational risk assessment, process and controls design support.

As leaders in the industry we:

  • Are active in SEC and cryptocurrency industry groups, such as the AICPA Digital Asset Working Group and the Digital Chamber of Commerce, to help educate regulators and establish best practices relating to digital assets;
  • Serve as one of the inaugural firms involved in the Dynamic Audit Solutions Initiative, a multi-year effort led by the AICPA and some of the nation’s largest accounting firms to create a new, innovative process for auditing using technology; and
  • Remain active in and are a founding sponsor of CoinAlts Fund Symposium, and sponsor and present at other key industry events.


Services

Tax Structuring & Compliance

  • Preparation of U.S. and state tax returns
  • Tax structuring and planning
  • Tax research and advisory
  • Fund-level tax compliance
  • Tax due diligence


Accounting & Attestation

  • Auditing financial statements for private and public funds
  • Attest services for technology companies and service providers within the digital asset ecosystem
  • Attest reporting for stable coins
  • Examinations and/or preparation of performance records
  • Crypto-specific outsourced CFO services
  • Assessing valuation of digital assets and proof of ownership


Governance Risk & Compliance Services

  • SOC 1 and SOC 2 reports including readiness assessments and internal controls consulting
  • Business strategy and enterprise risk management advisory
  • IT security consulting
  • Information technology due diligence
  • Vendor due diligence