The AICPA recently released the latest update to its practice aid on accounting for and auditing of digital assets. This update outlines guidance for CPA firms to use when accepting clients in the digital asset space.
RSM’s Mark Murray, Monique Cole and Jay Schulman will discuss the new guidance, as well as questions and considerations entities in the digital asset space can expect when engaging a CPA firm for an audit. Presenters also will review the nuances and challenges of auditing and accounting for digital assets and provide insights on how to incorporate the new accounting guidance into the entity’s policies and procedures.
Additionally, the webinar will review the prior accounting guidance and preview the new accounting and auditing guidance to better prepare digital asset entities for the future of audits of entities in the digital asset space.
By the end of each webcast, participants will be able to:
- Navigate the challenges associated with accounting for digital assets
- Detail auditing considerations for blockchain and digital asset technologies
- Discuss the potential impact digital assets will have on financial reporting for their company