Auditing in the age of digital assets: challenges and opportunities in blockchain and cryptocurrency

The rapid growth of digital assets, especially cryptocurrencies and blockchain technology, has transformed the financial landscape, creating both challenges and opportunities for auditors. As more organizations begin using blockchain for transactions, auditors need to adapt their methods to ensure compliance, assess risks, and maintain financial transparency. This paper examines the changing role of auditors in auditing digital assets, focusing on key challenges such as the absence of standardized accounting practices, the complexity of audit trails, and cybersecurity concerns. It also explores how blockchain can improve audit efficiency, enhance fraud detection, and strengthen financial reporting. By addressing these issues, this paper aims to provide insights into how auditors can effectively navigate the complexities of digital assets while ensuring financial integrity and compliance with regulatory standards.