AICPA Releases Accounting Guidance on Digital Assets (Cryptos)

Significant differences with J GAAP, already causing GAAP differences between the two standards In December 2019, the AICPA (American Institute of Certified Public Accountants) released a guidance on the accounting of crypto currencies. This nonauthoritative guidance was released as a practice aid titled “Accounting for and Auditing of Digital Assets”. You can download the original […]

Crypto Accounting Standard​

Crypto Accounting Standard PITF No. 38 Practical Solution on the Accounting for Virtual Currencies under the Payment Services Act World’s First Crypto Accounting Standard? On March 14, 2018, the ASBJ (Accounting Standards Board of Japan) issued the PITF (Practical Issues Task Force) No. 38 “Practical Solution on the Accounting for Virtual Currencies under the Payment […]