In a reserve audit, client balances are compared with the assets in the platform's wallets, wallet ownership is verified and checks are performed on randomly selected dates. The result is presented to the board of directors and the regulator in a report including the reserve coverage ratio.
Related terms
Crypto asset service providerPlatforms and custodians providing services such as buying, selling, safekeeping and transferring crypto assets, subject to CMB regulation.Assurance engagementAn engagement providing assurance, against specified criteria, on a subject matter other than an audit or review of historical financial information.Bonus issueIssuing shares to shareholders by adding a company's internal resources (reserves, retained earnings, capital adjustment differences) to its capital.Borsa IstanbulThe exchange in Turkey on which shares, debt instruments, derivatives and precious metals are traded.Capital Markets Board (CMB)The independent administrative authority responsible for regulating and supervising capital markets in Turkey.Capital Markets Law No. 6362The principal law governing the operation of capital markets in Turkey, the obligations of issuers and the powers of the CMB.
Last updated: October 22, 2026 · This definition is for general information only.