KalkineIs a Spreadsheet Enough to Prove Your SMSF's Crypto Holdings?
Highlights The ATO wants SMSF auditors to check crypto holdings on the public blockchain. Exchange statements or a trustee's spreadsheet may not be enough evidence. ATO guidance for auditors on digital assets is due in the next few months. Self-managed super fund trustees who hold bitcoin or other crypto assets are about to face tougher audit checks. The ATO has told SMSF auditors it expects them to verify crypto holdings independently on the public blockchain, not rely on exchange statements...