Abstract:

Today, the inclusion of the concept of artificial intelligence in the literature and the definition of this concept as the technology of the future, as well as the speed of developing technologies and the digitalization of business processes, require accounting and auditing employees to quickly adapt to this process. The fact that the data processing will take place faster and more accurately results in the development of big data production and data storage methods. Auditors will have to develop and expand their existing talents, knowledge and skills in order to adapt to blockchain technology. Within the scope of this study, firstly, the accounting of crypto asset transactions within the scope of TFRS is examined, how these assets should be added to the independent audit process and how the education and skills of the professionals should be improved are discussed with examples. According to the results of the study, it is seen that there are only descriptive guides on how crypto asset transactions will be included in the financial statements and on which regulations their audit will be carried out. As there is a need for a single regulation at the international level regarding the related issues. This international regulation is expected here to increase the professional competence of independent auditors for the audit of crypto assets.

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