Digital Currency and Blockchain Technology

Friedman is proud to be at the forefront of this emerging industry, providing digital currency and blockchain technology services to both domestic and international clients. Our expertise enables you to innovate and create – knowing that your digital assets are secure.

Why choose Friedman LLP for your digital currency accounting needs?

• At the forefront: Our experts provide critical insights on evolving accounting policies and procedures. While regulations for digital currency transactions continue to evolve, Friedman is actively engaged in discussions with industry leaders and regulators.
• Extensive Industry Knowledge: Since 2015, we've been auditing leaders in the space, including the Grayscale Bitcoin Trust. Whether you're a digital currency or distributed ledger technology company, we understand the unique blockchain accounting challenges you face in this evolving regulatory environment.
• Experience with an array of digital currencies: Friedman’s professionals are experienced in a variety of currencies. We also have experience with blockchain and other distributed ledger technologies.
• Dedicated resources: Our dedicated team understands the complex challenges that companies face with digital currencies and the underlying technology, as well as the compliance requirements associated with these new and evolving markets.
• Global expertise: Friedman’s international tax experts develop global holding structures that take into account the benefits of commercial and tax regimes in other jurisdictions. This helps ensure long-term global competitiveness for your digital currency or token offer.
• Responsiveness: Our size and flexibility allow us to be more nimble and timely than larger firms, key characteristics in an industry that moves as quickly as digital currency. You will receive personal attention, frequent communication, quick resolution of issues, and proactive advice—the simple yet differentiating attributes among accounting firms.

Should you wish to explore how we might best serve your digital currency accounting needs, please contact us or a member of the digital currency services team.

Proud Members of:

Friedman LLP offers a full suite of audit, accounting, tax, and consulting services to the digital currency industry, including expertise in enterprise risk management (ERM), fraud assessment, and internal controls, to name a few.

Audit and Accounting:

• Audit and assurance services (public and private companies)

• Industry-specific accounting solutions, including valuation of digital currencies, proof of ownership of digital currencies, etc.

• SEC filing support

• Transactional support for initial public offerings, alternative public offerings and private investments in public equity

• Accounting and reporting services for companies with investments in early-stage distributed ledger, digital currency, and fin-tech companies.

Tax:

• Federal, state and local tax compliance and planning
• International tax planning
• Tax provision assistance and preparation
• Global structuring for digital currency or token offers

Consulting:

• Legal and regulatory compliance – e.g., Sarbanes-Oxley Act, Investment Advisers Act, FCPA, etc.
• Enterprise value at risk assessment and risk management services
• Anti-bribery and corruption assessments – e.g., FCPA, BSA/AML, ISO 37001, etc.
• SOX 404(a) and 404(b) ICFR “readiness” and assessment
• Internal controls assessment
• Internal audit - co-sourcing, outsourcing, transformation, and optimization
• IT audit and security assessments; cyber-security awareness
• SOC 1 and SOC 2 report “readiness” and assessment
• Accounting policies and procedures
• Productivity and process improvement and performance management and reporting – e.g., tax preparation workflow, performance dashboards, etc.
• Systems implementation, documentation and project management