FINANCIAL STATEMENT AUDIT
SERVICES

Ease the burden of completing your audit by
working with a crypto-native team of CPAs
who understand your business.

With unparalleled industry knowledge and purpose-built technology, we streamline the audit process, end-to-end.

  • Our team of CPA’s has 7+ years of digital asset industry knowledge. Stablecoins, exchanges, miners, and more, we have seen it all.

  • By leveraging proprietary tech, we verify balances, prove ownership of addresses, and inspect blockchain data in a fraction of the time of our competitors.

  • Our team has the technical expertise to handle complex crypto balance sheets and multiple reporting frameworks (IFRS & GAAP) to serve even the most complex audit engagements.

 The Value of Financial Statement Audit

Audited financial statements can provide internal value to your organization through process maturity and external value for regulatory compliance and counterparty relationships.

  • Fulfill Regulatory Requirements

  • Complete & Maintain your
    MTL Licenses

  • Support Fundraising & Due Diligence

  • Fulfill Onboarding & KYB Requirements

  • Provide Investors with Financial Reporting

  • Increase Trust with Financial Counterparties

  • Provide your Board with Financial Transparency

  • Increase Accounting Process Maturity and Internal Control

 How We Serve

  • Industry Specialization: Our team has been auditing digital asset companies since 2016. This experience enables us to focus on completing the audit, rather than learning crypto-concepts on your dime.

  • Purpose-Built Crypto-Audit Tooling: Through our years of experience, the need for crypto-specific tooling became obvious. We utilize the market’s leading suite of digital asset audit tools, LedgerLens, covering 12+ blockchains and thousands of tokens.

  • High Partner Involvement: Our partner-to-staff ratio is higher than other firms. This means you experience a high level of audit partner involvement in planning, audit execution, and final review ensuring no last-minute review surprises.

A digital stock market chart showing upward trending lines and data points, with numerical values and dollar amounts in blue and orange on a dark background.

  • Global Regulatory Experience: From national to state regulatory requirements, we have seen it all. We serve clients and have interacted with regulators from the US, Bermuda, Dubai, Jersey, Singapore, and more.

  • Open & Timely Communications: We use various channels to keep the dialogue open and response times short. In addition, our use of cloud-based audit request tools provides complete visibility to our request list, all documents provided to date, and your progress to completion.

  • Consistent Team: The same people you interact with during the onboarding process, are the same team you work with during the audit. No personnel “switcheroos.”

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Frequently Asked Questions

  • Yes. The Network Firm LLP is a licensed, independent CPA firm that provides audit and attestation services. Advisory, consulting, and technology services are provided by a separate affiliated entity under an alternative practice structure. The Network Firm is licensed in the state of Florida (Lic. No: AD71652) and serves clients globally.

  • A crypto financial statement audit is an independent CPA examination of a digital asset company’s financial statements, resulting in an opinion on whether they are free from material misstatement under the applicable framework (US GAAP or IFRS). It applies traditional auditing standards to crypto-specific realities — on-chain balances, wallet ownership, and multi-blockchain activity — that generalist firms’ tools aren’t built to handle.

  • Typically stablecoin issuers, exchanges, custodians, miners, token projects, and crypto fintechs. Common drivers include fulfilling regulatory requirements, obtaining or maintaining money transmitter licenses (MTLs), supporting fundraising and due diligence, satisfying counterparty onboarding and KYB, and giving investors and boards reliable financial reporting.

  • Traditional assets sit in banks and custodial accounts; crypto lives in wallets on public blockchains. A crypto audit includes procedures to prove wallet ownership through cryptographic signatures, reconcile on-chain and off-chain data, manage multi-chain complexity, and trace activity across DeFi protocols — using specialized tooling rather than bank confirmations alone.

  • Yes. The Network Firm audits under both US GAAP and IFRS and serves clients across multiple jurisdictions, having worked with regulators in the US, Bermuda, Dubai, Jersey, Hong Kong, and Singapore, among others.

  • Timelines depend on company complexity, but a crypto-native team avoids learning crypto on your dime. The Network Firm uses its proprietary LedgerLens tooling to verify balances, prove address ownership, and inspect blockchain data across 12+ blockchains in a fraction of the time of a generalist firm

  • The Network Firm has audited digital asset companies since 2016, uses purpose-built crypto-audit tooling (LedgerLens), and maintains a higher partner-to-staff ratio than most firms — so clients get senior involvement in planning, execution, and final review, and avoid last-minute surprises.

Learn More, Meet the Team, and Receive a Quote

Use the link below to book an introductory meeting with a TNF audit partner today. 

Talk to an expert

Articles

Featured
Social Engineering Is Now Crypto's Biggest Threat — What the AICPA Stablecoin Criteria Mean for Internal Controls
Social Engineering Is Now Crypto's Biggest Threat — What the AICPA Stablecoin Criteria Mean for Internal Controls

The Bybit and Resolv hacks prove code isn't the vulnerability — people are. TNF breaks down how the AICPA's 2025 stablecoin criteria address key management and social engineering risks.

Crypto ETF Reserve Attestations: Beyond the Real-Time Wallet Balance
Crypto ETF Reserve Attestations: Beyond the Real-Time Wallet Balance

TNF's CPAs breaks down the asset-side complexities in real-time crypto ETF reserve attestations — staking, lending, redemptions, and network events that a wallet balance check alone won't capture.

Understanding Your 1099-DA
Understanding Your 1099-DA

The 1099-DA is the IRS’s new information reporting form for digital asset activity, and starting in tax year 2025 most U.S. crypto exchanges and brokers must report their customers’ crypto trades on it. This FAQ explains what the 1099-DA is, why you received one from your exchange, what data it includes (and what’s still missing), and how it connects to Form 8949, Schedule D, and your overall crypto tax filing.

Crypto Accounting Firm vs. Traditional CPA: What Digital Asset Companies Actually Need
Crypto Accounting Firm vs. Traditional CPA: What Digital Asset Companies Actually Need

Digital asset companies face accounting challenges traditional CPA firms simply aren’t built to handle. From on-chain data reconciliation to complex regulatory guidance like the GENIUS Act and IRS Revenue Procedure 2024‑28, crypto finance introduces layers of complexity beyond standard debits and credits. A crypto accounting firm specializes in navigating these nuances, offering expertise in blockchain data, proof of reserves, and digital asset tax compliance, while traditional firms often lack the technology and regulatory depth digital asset companies need.

In this guide, we break down the key differences between a crypto accounting firm vs. a traditional CPA, highlight the warning signs you’ve outgrown your generalist firm, and share what to look for when choosing a crypto‑native accounting partner that can scale with your business.

Where Smart Contracts End and Proof of Reserves Begins 
Where Smart Contracts End and Proof of Reserves Begins 

Smart contracts bring transparency to how stablecoins operate and reveal on-chain token supply, minting, and burning logic. But while they show how tokens move, they can’t prove what backs them. That’s where Proof of Reserves comes in. A Proof of Reserves audit independently validates the real-world assets behind stablecoins, confirming reserve existence, ownership, and reconciliation against circulating supply. Together, smart contracts and Proof of Reserves form a complete trust framework for stablecoin assurance, merging on-chain transparency with off-chain verification. Learn how combining both drives stronger compliance, credibility, and confidence in digital assets.