Problem
The risks associated with digital assets vary, depending on how an entity holds these assets or transacts with them. Auditors need to understand and evaluate controls around custody, either internal controls in self-custody situations or service organization controls (SOC) in third-party custody solutions. Use the internet to research the risks of blockchain from an auditing perspective.
• Using word, discuss at least 8 risks that can be associated with digital assets and how those risks can be mitigated.
• You need to write in complete sentences and after listing each risk, discuss the risk and how it can be mitigated.