AICPA issues new guidance on stablecoins, mining revenue, current auditing standards

The AICPA has added new chapters to its digital assets practice aid focused on guidance for stablecoin issuers, auditing mining revenue and updates on auditing standards.

“As digital asset business models continue to evolve, practitioners are encountering increasingly complex accounting and auditing questions,” Di Krupica, CPA, senior manager–Digital Assets, Assurance and Advisory Innovation at the AICPA, said in a news release. “These updates provide additional clarity in areas where demand for guidance has grown and help professionals align their work with current standards and emerging practices.”

See the latest updates to the AICPA’s Accounting for and Auditing of Digital Assets practice aid here.