Your SMSF Holds Bitcoin — What Does Your Auditor Actually Need?
If your self-managed super fund holds Bitcoin in self-custody, you will eventually have a conversation with your auditor that goes something like this: “Can you provide evidence of the fund’s Bitcoin holdings?” What happens next depends on whether you’re holding on an exchange or in your own wallet. If you’re on an exchange, this is straightforward — the exchange issues a statement, the auditor files it, everyone moves on. The auditor may not love that your super fund holds Bitcoin, but at least the evidence trail looks like something they’re used to. ...