Trustee of SMSF provided the End of Financial Year Statement 2021 from Coinspot
that show Balance Summary, transaction history, deposit history ...for trading cryptocurrency
I wondering what else documents all that I need ask for audit . Please help asap. Many thanks
What about the risks associated with holding the cryptocurrency on the exchange? There has been a number of exchanges that have experienced liquidity issues and have frozen the cryptocurrency held on their exchange. Other exchanges have also admitted that if they were to face an insolvency event, the cryptocurrency held on behalf of their clients is at risk.
Would a qualification for this be appropriate? I have previously raised as an audit management letter point for the trustees to consider and be aware of.