Many Web3 startups underestimate how complex a financial statement audit can become. Missing documentation, unclear accounting policies, and weak internal controls can quickly increase audit costs and delay issuance of the financial statements. Common audit pitfalls include: • Incomplete revenue recognition documentation • Lack of digital asset roll-forward reconciliation • Insufficient segregation of duties in payment processes • Unclear accounting treatment for token issuer lifecycle • Miss...

Many Web3 startups underestimate how complex a financial statement audit can become. Missing documentation, unclear accounting policies, and weak internal controls can quickly increase audit costs and delay issuance of the financial statements. Common audit pitfalls include: • Incomplete revenue recognition documentation • Lack of digital asset roll-forward reconciliation • Insufficient segregation of duties in payment processes • Unclear accounting treatment for token issuer lifecycle • Miss...