Cryptocurrencies: accounting and auditing in the digital economy

The article examines the impact of cryptocurrencies on the field of accounting and auditing, emphasizing the need to update existing methodologies in light of the digitalization of the economy. The development of the digital economy leads to the widespread use of electronic currencies. In the modern world, cryptocurrency is not only relevant as a form of electronic payments, but also promising for investments in the international market. In recent years, there has been an unprecedented increase in interest in cryptocurrencies as an innovative financial instrument, which has caused significant changes in traditional accounting and auditing approaches. The development of blockchain technology and an increase in the volume of transactions using cryptocurrencies stimulate the need to adapt accounting systems and audit procedures to new economic conditions. The article is dedicated to analyzing the advantages and disadvantages of cryptocurrencies, as well as developing new audit procedures adapted to the specifics of cryptocurrency transactions. The relevance of the topic is determined by the rapid penetration of crypto assets into the financial world and the challenges they pose for traditional accounting systems. It also necessitates the adaptation of accounting standards and auditing practices to new economic realities. The work uses a comprehensive approach, including the analysis of academic sources, regulatory documents, as well as expert opinions and practical case studies. The results show that the integration of cryptocurrencies requires standardization of accounting and updating of audit approaches, as well as raising the level of specialists' knowledge. The article offers recommendations that contribute to increasing the transparency of financial operations and strengthening investor confidence. This research is of interest to professionals in the field of financial accounting and auditing, as well as researchers studying the impact of digital technologies on economic processes.