Case Studies:
Lukka provides technology, data, and professional services to support past and future audits of over 80 crypto hedge funds.
Products Used
“ShapeShift could not have completed its audit without our partnership with Lukka. The Lukka team’s knowledge and continual support have made them an invaluable partner as we navigate the ever-changing crypto accounting landscape”
Stephen Vlasak
Partner, Alternative Investment Practice | Richey May
Richey May is a world-class provider of Financial Services, Business Advisory, and Technology solutions. As crypto hedge funds began to form more frequently, there became a need for firms who were capable of supporting the financial audit function for these funds. However, the new audits on crypto-assets required new technology, data, and processes to achieve satisfactory results. New issues, including valuation of crypto assets for audit purposes, wallet address ownership confirmation, and multi-exchange reconciliation, had to be solved.
As one of the first firms to support crypto fund audits, Richey May helped pioneer many of the standard practices for the successful and thorough audit of a crypto hedge fund. In order to develop these standards, Richey May leveraged Lukka’s technology, data, and Customer Success team to automate trade and transaction data collection, data normalization, balance reconciliation, gain/loss calculations, and ultimately produce audit-ready reports to perform annual fund audits.
Richey May has worked side by side with Lukka’s Customer Success team to perform deep-dive data analytics, data reconciliation, and account remediation to ensure that full and complete transaction history is available for downstream audit processes.
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