Proof of Reserves vs. Financial Statement Audits: What Crypto Companies Need to Know скачать в хорошем качестве

Proof of Reserves vs. Financial Statement Audits: What Crypto Companies Need to Know

Proof of reserves is transforming financial transparency in the crypto space. This video explores the key differences between proof of reserves and traditional financial statement audits, touching on cost, scope, and frequency. Learn how these tools build trust and accountability for exchanges and custodians while addressing regulatory challenges. With insights from TNF experts, discover how proof of reserves could complement audits to provide comprehensive assurance for customers, regulators, and stakeholders. TNF Proof of Reserves Services: https://www.thenetworkfirm.com/proof-... TNF Audit Services: https://www.thenetworkfirm.com/financ... Read the Blog: https://www.thenetworkfirm.com/blog/p... --- Timestamps 0:00 - Introduction: Real-time proof of reserves 0:27 - Proof of reserves vs. financial audits 1:21 - History and relevance of proof of reserves 3:10 - Peaks and valleys in adoption 6:40 - Understanding proof of reserves 8:59 - CFO perspective: Balancing audits and proof of reserves 13:34 - Key differences in testing scope 18:47 - Customer verification through Merkle trees 22:37 - The importance of "in-kind" reserves 26:56 - Public accessibility of proof of reserves reports 29:05 - Frequency: Annual audits vs. real-time reporting 34:22 - Detailed reporting and customer assurances 36:48 - Bankruptcy protection considerations 40:07 - Proof of reserves in the assurance stack #CryptoTransparency #ProofOfReserves #FinancialAudits #Blockchain #CryptoCustody #TNFTakes #DigitalAssets #CryptoRegulations #MerkleTree #CryptoSecurity