Taiwan’s First Year of Auditable Virtual Assets
Original: 從「不敢簽」到「可以簽」：台灣虛擬資產的可審計性元年
Taiwan’s new crypto accounting and internal-control guidance aims to make corporate virtual-asset holdings auditable.
The article explains why blockchain transparency has not automatically made corporate crypto holdings auditable: auditors still need evidence of ownership, custody, valuation, classification, and internal controls. Taiwan’s exchange-related bodies and accounting standards stakeholders have issued guidance for stablecoin accounting and crypto-asset internal controls. The move gives listed companies and auditors a clearer framework, though auditability still depends on disciplined implementation by companies and service providers.
This article focuses on the auditing predicament that Taiwanese enterprises holding virtual assets have long faced: blockchain itself is a public, transparent ledger, and transaction records and wallet balances can be verified, but auditing a company's financial statements requires more than just "being able to see on-chain data." It also includes whether the assets belong to that company, how control of the private keys or wallets can be proven, whether the valuation basis is consistent, how stablecoins should be classified, how transaction records should be entered into the books, and whether internal controls can prevent any single individual from arbitrarily transferring assets. In the past, when clear standards were lacking, even when accountants could see on-chain balances, they might be unwilling to sign off due to incomplete evidence chains, control processes, and accounting treatment.
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