Cryptocurrency

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 working groups, such as the AICPA Digital Asset Group, that help educate regulators and establish best practices in areas such as valuation and internal controls for 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 key industry events such as Consensus: Invest, Blockchain Shift and DC Blockchain Summit.

Areas of Opportunity

  • SOC 1 and SOC 2 reports
  • Stable coin attest services
  • Crypto-specific outsourced CFO
  • Tax due diligence
  • Tax structuring and planning
  • Tax research and advisory
  • Fund-level tax compliance
  • Fund-level audit
  • Information technology due diligence
  • Vendor due diligence
  • Operational improvement/business strategy advisory
  • Internal controls consulting
  • Attest services for funds and service providers
  • Performance exam services
  • Performance record services