Crypto as a Separate Asset Class
Introduction
Crypto assets are stepping out of the crowd. We are excited to introduce an enhancement to Crypto Asset Classification in Auditomation.
With the introduction of a dedicated Cryptocurrency category, auditors can now identify, assess, and address cryptocurrency investments more clearly throughout the audit process.
As crypto investments become an increasingly common part of
the SMSF investment landscape, Auditomation makes it easier for audit firms to
consistently identify these assets and apply the appropriate audit procedures
and evidence requirements.
This enhancement helps bring greater clarity, consistency, and efficiency to the audit of crypto assets ensuring they receive the right level of attention throughout the engagement.
Crypto Currency as a Separate Asset Category
- Separating crypto assets makes them instantly identifiable during audit planning and execution as it is added to existing checklist.
- Crypto Currency is now displayed as a dedicated bucket under Assets in Auditomation.
- Risk matrix and materiality assessments also includes Crypto Currency as base for making rules.
- While bookmarking a document, you can now tag it under the Crypto Currency category.
Note: : If you are using a customised Checklist Template, you may need to clone the updated 2026 Checklist Template to access the new Crypto Currency category to move it from Unlisted Investments category (previous version).To learn more about the process, explore best practices, and make the most of our features, please visit our Knowledge Base. You can also check our FAQ section for answers to common questions, or contact our Support team if you need any assistance.