Currently, in the era of industry 4.0, the business world is experiencing rapid changes. This change is marked by various developments in the world of technology, including the phenomenon of the metaverse world. Many companies already have digital assets in the metaverse world, such as: land, property and also have deposits in cryptocurrency. This creates new challenges for accounting and auditing. It is urgent to be prepared by accountants and auditors regarding this metaverse world, which triggers us to conduct research. Our research is a descriptive qualitative research. We use primary data that we obtain from interviews with our informants and literature studies and virtual reality observations in the metaverse world. The results of our research state that accounting must provide a new accounting standard for financial reporting regarding the valuation of digital assets in the metaverse world. Audits must be able to check the feasibility of reporting client digital assets in financial reports. The Metaverse world also opens up new opportunities for fraud perpetrators to commit fraud, such as overstatement of digital assets. Auditors must prepare themselves to get used to making virtual reality observations in the metaverse world. The public accounting firm must provide high-speed hardware and internet to support this new audit system.
