Jan 31, 2022, 5:22 PM
(From Accounting Today) The question of how to account for digital assets has emerged as a challenging one for accountants as use of cryptocurrencies becomes increasingly common. To help accountants and auditors in this difficult area, the American Institute of CPAs (AICPA) has updated its practice aid for accounting and auditing of digital assets, with added material on cryptocurrency. The latest edition includes nonauthoritative guidance on cryptoasset lending and borrowing, derivatives and mining.
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