Exchange Statements vs Cryptographic Proof — Why the Evidence Standard Matters
This is the second post in a series about SMSF Bitcoin audit evidence. The first post, Your SMSF Holds Bitcoin — What Does Your Auditor Actually Need?, covered what auditors need to verify and why most of what trustees currently provide falls short. This post goes deeper into the evidence itself — what makes some forms of evidence stronger than others, and why it matters. Auditing is fundamentally about evidence. An auditor’s job is to assess whether the evidence supporting a claim is sufficient and appropriate. For most financial assets, this is well-trodden ground. Bank statements, share registries, property titles — each comes from a recognised institution with its own governance and reporting obligations. The auditor evaluates the source, assesses the risk, and forms a conclusion. ...