ALRAQABA . ISSUE 15
39
The Role of SAIs in
Auditing Transactions of
Crypto/ Virtual/ Digital
Currencies
1st place award winner research in the SAB’s
19th Research Competition 2018
Aisha Abdullah Alrumaih
Auditor at the Supplementary Bodies of Social and Public Affairs Audit Department
Theme One: The nature, origin, and evolution of crypto/ virtual/ digital currencies
The widespread usage of the internet has caused tremendous evolution in the global financial
surge. It is possible nowadays to promptly and easily conduct any financial or commercial
transaction online with the aid of modern electronic modes of payment. Besides, cryptocurrencies
or the so-called virtual or digital currencies have come on the scene in the last several years, which
are a form of currency that only exists digitally via the internet. Except that cryptocurrencies have
Research
