EPISODE · Sep 6, 2024 · 56 MIN
#72: Audit & Attestation Tools for Digital Assets with Jeremy Nau from LedgerLens
from The Accountant Quits Podcast · host The Accountant Quits
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. ✅ OUR RESOURCES ✨Become a confident Web3 Accountant with our weekly free newsletter: https://www.theaccountantquits.com/newsletter 🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto https://www.theaccountantquits.com/crypto-accounting-academy ✊ Follow The Accountant Quits on Socials 👉 LinkedIN: https://www.linkedin.com/in/umarmhassam/ 👉 Twitter: https://x.com/accountantquits 👉 Youtube: https://www.youtube.com/@theaccountantquits 🎙️ Follow Episode Guest Linkedin: https://www.linkedin.com/in/jeremynau-cpa-cma/ X.com: https://x.com/JeremyNauCPA 🎧 Website For show notes and past guests, please visit theaccountantquits.com/podcast/ 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
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#72: Audit & Attestation Tools for Digital Assets with Jeremy Nau from LedgerLens
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