News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
FASB's request for comment on hedge accounting guidance for crypto assets held at fair value signals potential changes to crypto US GAAP accounting, with implications for firms applying ASC 350-60.
OFAC sanctions on crypto addresses create compliance obligations that crypto accounting software can address through screening and reporting.
Poor IRS phone service highlights the need for accurate crypto accounting software to minimize taxpayer errors and inquiries.
DAC8 reporting introduces mandatory disclosure of crypto transactions for EU tax authorities, aligning with global standards like CARF and impacting accounting firms' compliance workflows.
IRS staffing changes may increase audit scrutiny on crypto, making robust crypto accounting software essential for compliance.
The IRS merger of tax practitioner offices signals increased scrutiny, making crypto accounting software essential for compliance.
IRS hiring events after staff cuts signal increased enforcement, making crypto accounting software essential for firms to manage client compliance.
AICPA recommendations signal need for better crypto tax notice management, which crypto accounting software can address.
The AICPA campaign elevates the CPA brand, indirectly supporting crypto CPAs by reinforcing trust and expertise in emerging areas like digital assets.
CPA firms can improve profitability by integrating crypto CPA services as a new advisory revenue stream.
SEC's fireside chat signals a shift towards rebuilding trust and improving usability in crypto regulation, impacting how firms use crypto accounting software for compliance.
Congressional debate over Fed skinny accounts for crypto firms highlights compliance and accounting implications for accountants.
The CFTC investigation into Polymarket underscores the need for robust crypto accounting software to ensure accurate trade reporting and compliance.
The Meta IRS dispute underscores the importance of accurate crypto accounting software for tax compliance and audit readiness.
The CFTC investigation into Polymarket underscores the need for robust crypto accounting software to ensure compliance and audit readiness.
The court case highlights the importance of accurate tax classification for investment firms, which can be supported by crypto accounting software.
The surge in IRS fast track dispute settlement program usage underscores the need for crypto accounting software to maintain accurate records and reduce audit risks.
The Coinex Iran case highlights the need for robust crypto accounting software to detect and report sanctions violations.
Senate races may delay or accelerate crypto legislation, affecting compliance timelines for accounting firms; crypto accounting software helps firms stay agile.
The June 2026 IASB-FASB joint education meeting signals potential convergence between US GAAP and IFRS on crypto asset fair value accounting, directly affecting firms using ASC 350-60 and IFRS crypto assets standards.
A practitioner-focused comparison of FASB ASC 350-60 fair value accounting against IFRS crypto asset treatment, showing accounting firms and CFOs exactly how the two frameworks diverge and what that means for financial statement preparation and client advisory work.
ASC 350-60 ended impairment-only accounting for crypto: accounting firms and CFOs need to understand what FASB fair value measurement means for balance sheets, disclosures, and how it diverges from IFRS.
An authoritative explainer for accounting firms and finance teams on how ASU 2023-08 reshapes crypto asset measurement, disclosure, and audit obligations under US GAAP, with a comparative lens on IFRS treatment.
A practical explainer for accounting firms and finance teams on how ASU 2023-08 reshapes crypto asset recognition and measurement under US GAAP, with a clear comparison to IFRS treatment and the reporting obligations that sit alongside both frameworks.
