Multiple Choice
Which of the following would provide the auditor the best evidence of the Rights assertion for bitcoin recorded as an asset by a client?
A) Inspection of purchase records maintained by the client.
B) Confirmation of the bitcoin from a third party.
C) Execution of a small bitcoin transaction from a digital wallet to demonstrate control of the private key.
D) Verification of the price of the bitcoin in the Wall Street Journal as of the balance sheet date.
Correct Answer:
Verified
Correct Answer:
Verified
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