Accounting for, & Auditing of, Digital Assets Webinar (1 Hour)

Overview: 

The unexpected development and assurgent nature of Digital Assets in business transactions have created challenges for accountants and auditors. This webinar will explain the evolving accounting rules and auditing complexities for proper treatment of digital assets in financial statements. An expert will help you sort through the confusion and discuss the following:  

  • The evolving accounting rules and considerations for digital assets
  • Valuing digital assets in financial statements
  • Types of digital assets
Objective: 

To provide accountants and auditors with the knowledge that will allow them to establish how digital assets will need to be accounted for and audited in financial statements.

Emphasis: 
  • Cryptocurrencies
    – Investing
    – Sales
    – Receipts
    – Lending and borrowing
  • Non-Fungible Tokens (NFTs)
  • Stablecoin Holdings
  • SEC Staff Accounting Bulletin
    – Scope
    – Recognition and measurement
    – Disclosure
    – Transition
  • FASB Proposed ASU
    – Accounting for and disclosure of cryptic assets
    – FASB comment letter themes
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Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
1.00
NASBA Field of Study: 
Accounting