# kaal:claim:3936876-031

**Claim.** Specialized digital custody audit procedures for verifying that a bank maintains access controls over a cryptographic key differ from the audit procedures used for physical assets, so some risk management processes must be tailored for digital custody.

**Type.** design  **Support.** argued

**Holds when.**

- national banks providing cryptocurrency custody

**Source quote.**

> Specialized digital custody audit procedures for verifying the bank maintains access controls for a cryptographic key will differ from the procedures used for physical assets.

**From.** Wulf A. Kaal, Hayley Howe, *Custody of Digital Assets* (2021), III.2 OCC Requirements, page 25

**Cite as.** Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876

**Verify.** sha256 of source PDF `9bc0903d01910460298e754c451f027df4324367359800a98ee8e638d94aff55` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Howe%20-%202021%20-%20Custody%20of%20Digital%20Assets.pdf

**Topics.** compliance, consensus-and-security, citation-and-knowledge, defi

**Keywords.** audit, access-controls, cryptographic-keys, occ, custody-design

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.