Blockchain auditing in Cyprus
Audits your stakeholders trust.
Independent financial audits, crypto audit support for incumbent auditors, proof of reserves, and transaction reconciliation for exchanges, funds, DAOs, and crypto-native businesses across Cyprus and the EU. We make your numbers verifiable — aligned with CySEC and MiCA requirements for crypto-asset service providers. Already have an auditor? Start with crypto audit support. Need to show customers their deposits are backed? That is proof of reserves.
What We Audit
Crypto Audit Support
Already have an auditor, or are one? We supply the digital-asset expertise inside the engagement: wallet control verified cryptographically, balances read from the chain, and working papers the audit file can rely on. Your auditor keeps the engagement and the opinion.
Learn moreFinancial Statement Audits
The full statutory audit, delivered with our ICPAC-licensed audit partner who issues the opinion while we evidence the chain. For companies that need audited financial statements end to end.
Learn moreProof of Reserves & Solvency
On-chain attestation that your reserves fully back customer liabilities, with cryptographic verification of wallet ownership.
Learn moreTransaction Reconciliation
We reconcile every on-chain movement against your internal ledger and exchange records, so the books match reality.
Learn moreTreasury & Wallet Audits
Verification of custody arrangements, signing controls, and balances across hot, cold, and multi-sig wallets.
AML & Compliance Audits
Review of KYC/AML controls, wallet risk exposure, and regulatory readiness against EU and local requirements.
Learn moreDAC8 & Tax Reporting
DAC8 crypto reporting for CASPs and crypto-asset operators in Cyprus and across Europe, plus cost-basis tracking and realised gains/losses for the businesses being reported on. The first reporting year is already running.
Learn moreWho Needs a Crypto Audit in Cyprus?
Every Cyprus company files audited financial statements: the Companies Law requires a statutory audit regardless of size, and that does not stop applying because the assets are on a blockchain. If your company holds crypto, the auditor signing your financial statements must obtain evidence about balances they cannot verify with a bank confirmation letter, which is exactly where most audits of crypto-holding companies stall.
Beyond the statutory baseline, three groups face crypto-specific assurance demands. CASPs authorised under MiCA answer to CySEC for the safeguarding of client assets and own-funds requirements, and need evidence rather than assertions. Funds and their administrators need digital-asset positions verified at the reporting date. And exchanges or custodians who want customer trust publish proof of reserves, an attestation that customer liabilities are fully backed on-chain.
Support, full audit, or attestation?
If you already have an auditor, or you are one, crypto audit support adds the on-chain evidence to the existing engagement; your auditor keeps the opinion. If you need the audit end to end, financial statement audits run with CYAUSE Audit Services, our ICPAC-licensed audit partner, who issues the opinion while we verify wallet control and balances on-chain. If the goal is showing customers their deposits are backed rather than a statutory opinion, proof of reserves is an attestation, not an audit, and we are careful about that distinction. And if the books do not yet agree with the chain, start with transaction reconciliation so there is something auditable to audit.
How an Audit Works
Scope & Data Collection
We agree the wallets, exchange accounts, and ledgers in scope and gather the source data.
Reconcile On-Chain to Ledger
Every transaction is matched against your books to surface gaps, errors, and unexplained flows.
Verify Reserves & Controls
We confirm balances, custody, and segregation of duties — proving what you hold and how it is secured.
Report & Attestation
A clear, defensible audit report you can share with stakeholders, investors, and regulators.
Auditing FAQ
What is crypto audit support?
Specialist help with the digital-asset part of a financial statement audit, provided to whoever is running that audit. A conventional audit programme confirms a bank balance by writing to the bank. A wallet has nobody to write to: its balance is confirmed by proving control of a private key and reading the chain. Crypto audit support means we perform that examination, verifying wallet control, reading balances at the reporting date, reconciling on-chain activity to the ledger, and identifying connected addresses, and we hand the results to the auditor as documented working papers. The auditor keeps the engagement, applies their own judgement to our work, and issues the opinion.
What is a proof of reserves audit?
A proof of reserves engagement independently verifies that the crypto assets a custodian holds are sufficient to cover what it owes its customers. It has two halves that must both be done: proving control of the reserve wallets on-chain, and establishing the total customer liability from the internal ledger. Only the two together demonstrate solvency — a wallet balance on its own proves nothing about what is owed against it.
Does a blockchain company in Cyprus need an audit?
In almost all cases, yes — and not because it is good practice. A company registered in Cyprus is required to prepare annual financial statements, have them audited by a licensed audit firm, and file them with the Registrar of Companies alongside its tax return. The obligation attaches to the company, not to what the company does. Running a crypto exchange, a Web3 product, a DAO treasury, or a token issuer does not exempt you from it. What being a blockchain business changes is not whether you are audited but what the audit has to examine: the obligation is ordinary, the evidence is not. That gap is why crypto-native companies in Cyprus routinely struggle to close an audit on time. If you hold a CySEC authorisation as a crypto-asset service provider, the audit sits alongside your supervisory obligations rather than replacing them — your AML framework and client-asset safeguarding are reviewed separately. Exemptions in Cyprus are narrow and change, so we confirm your exact filing position and deadlines with CYAUSE at scoping rather than leaving you to assume them.
More questions answered on our general FAQ.
Related Reading
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Request an AuditLast reviewed: September 2, 2026