New AICPA guidance re fair value, stablecoins

October 11, 2020

The AICPA on Thursday, Oct. 8, published nonauthoritative guidance on issues related to the accounting for digital assets.

Added to the free practice aid Accounting for and Auditing of Digital Assets, the guidance touches on topics including fair value, stablecoins and how investment companies and broker-dealers should account for digital assets.

Examples of digital assets include the crypto asset bitcoin, which operates on the Bitcoin blockchain, and ether, which operates on the Ethereum blockchain. Learn more.

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