In a comment letter to the SEC’s newly formed Crypto Task Force, the AICPA spelled out its initiatives in the digital assets space and offered to serve as an ongoing resource. The AICPA was responding to a February call for public input on a range of crypto topics by SEC Commissioner Hester Peirce, the task force's leader.
“Given our extensive experience over seven years working in the digital assets and blockchain space, we are well-positioned to assist the Crypto Task Force with its objective to bring greater clarity to digital assets, offering valuable perspectives and proposing solutions to the challenges they are addressing,” Susan Coffey, the AICPA’s CEO of public accounting, wrote in response last week to the task force.
The AICPA’s Digital Assets Working Group, formed in 2019, has already developed guidance under its continuously updated practice aid, Accounting for and Auditing of Digital Assets. The practice aid now includes subgroups for accounting, auditing and attestation. Learn more.