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What does NOT apply to process controls when applied to blockchain and cryptocurrency scenarios? O Process controls can increase the security of using cryptographic assets.
What does NOT apply to process controls when applied to blockchain and cryptocurrency scenarios? O Process controls can increase the security of using cryptographic assets. O Process controls can be used to mitigate shortcomings of technical controls. O Process controls can help mitigate the limitations of verification. O Process controls can be implemented to manage roles and responsibilities. Implementing effective technical controls associated with blockchains must allow for what? O Applications that automate and replace many traditional IT roles. O A distributed ledger node within a private blockchain. O Collaboration between finance and audit professionals with technical experts. O The assumption of business risks by individual employees of an organization What does NOT demonstrate a limit on the verification of cryptocurrency transactions by auditors? O Verifying whether a product or service paid for with cryptocurrency was delivered. O Verifying that there is no off-balance sheet risk. O Verifying the source of deposited funds on a centralized exchange. O Verifying whether cryptocurrency was sent to another address. What is one unique challenge for identifying system and organization controls (SOC) related to blockchain? Many blockchain solutions are not offered by single entity service organizations. O It is not possible to adapt existing standards to blockchain solutions. O Blockchain solutions cannot be applied to commonly outsourced services. O Many blockchain solutions can be used only in certain jurisdictions
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