Digital Assets. What Your Practice Needs to Know.

Overconfidence...is a real risk and it's important to consider up
front if we have the skill set to be able to audit in this space.


(#92) Di Krupica, Lead Manager in the Emerging Assurance
Technology area (AICPA & CIMA, North Carolina) talks to Matt
Schell (Crowe) and Amy Steele (Deloitte) about recommended
guidance for accounting for and auditing Digital
Assets. 


A little over a year ago, the Digital Assets Working Group was
created by the American Institute of CPAs to develop accounting
and auditing guidance on digital assets. After months of work
with subject matter experts from international and national
firms, the AICPA has just released its first version of an
important new practice aid which includes non-authoritative
guidance on how to account for digital assets.


Our guests explain what digital assets are and outline how to get
started in the digital assets space. They look at some of the key
points in the practice aid, and signpost some potential future
topics that the Digital Assets Working Group is developing
guidance for.


 


RESOURCES.


The following page includes the background about the digital
assets working group, as well as a link to download the free
practice aid PDF.  


www.aicpa.org/digitalassets


 


OUR GUESTS.


Matthew Schell, CPA, CFA, is a Partner with Crowe LLP in
Washington DC. He chairs the AICPA's Digital Assets Working
Group's Accounting subgroup.

Amy Steele is a Partner with Deloitte and Touche LLP and
chair of the Auditing subgroup, part of the AICPA's Digital
Assets Working Group.



 


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2020 Association of International Certified Professional
Accountants (AICPA & CIMA)