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Richey May’s Crypto Fund Audit Practice

Lukka provides technology, data, and professional services to support past and future audits of over 80 crypto hedge funds.

The Situation

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.

The Solution

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.

The Results

  • Successful completion of hundreds of crypto hedge fund audits
  • Delivery of tens of millions of transactional data points for the purposes of transaction sampling and audit review
  • Delivery of thousands of reports including client balances, gain/loss, transactional information, and reconciliation reviews

“Lukka has been a great partner for Richey May, their top tier technology within the crypto asset class has allowed both our audit and tax teams to gain efficiencies as well as enhance our testing procedure with real-time data. Their responsivity, expertise, and high-quality service make them one of our most valuable service providers.”

Stephen Vlasak

Partner, Alternative Investment Practice | Richey May


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