DaaS Development

Wiehann Olivier () and Pieter Buys ()
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Wiehann Olivier: North-West University & Forvis Mazars South Africa, Applied Research in Management Cybernetics
Pieter Buys: North-West University, Applied Research in Management Cybernetics

Chapter Chapter 5 in Auditing Bitcoin, 2026, pp 69-80 from Springer

Abstract: Abstract This chapter marks the first iteration of the applied ADR/eADR approach, focusing on problem-centric diagnosis to validate the research problem and lay the foundation for developing the envisaged Bitcoin Audit Framework (BTC_AF). Through collaborative engagement with the 1st Expert Team, the chapter explores the integration of bitcoin into various sectors subject to statutory and regulatory audit requirements. The foundational artifact, the Digital Asset Assertion Schedule (DaaS), was developed using insights from practitioner workshops, which confirmed the complexities, risks, and knowledge gaps auditors face when auditing blockchain-based digital assets. Key challenges identified include cryptographic verification, asset custody, and asset valuation across different business models. The DaaS confirms that current audit education and methodologies are insufficient and that a structured, adaptable framework is needed to support reliable audits of blockchain-based digital assets. As such, the DaaS serves as a critical problem validation artifact, highlighting the need for a systematic audit approach regarding management assertions about digital assets, thus shaping the design of the envisaged BTC_AF.

Keywords: Audit; Asset custody; Asset valuation; Bitcoin; Blockchain; Cryptographic verification; Digital assets (search for similar items in EconPapers)
JEL-codes: M15 M42 O31 O33 (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-95-5775-2_5

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DOI: 10.1007/978-981-95-5775-2_5

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