After completing this course, participants will be able to identify key accounting and auditing considerations for crypto assets, including the application of ASC 350-60 and relevant auditing standards.
Learning Objectives
- Upon completion of this course, you'll be able to:
- Analyze the key provisions of FASB ASU 2023-08 and their implications for the measurement, presentation, and disclosure of crypto assets in financial reporting.
- Examine the unique challenges and considerations involved in auditing digital assets, including issues related to existence, ownership, and valuation.
- Evaluate the role of service organizations in digital asset custody and how their involvement impacts audit procedures and assurance practices.
Major Topics
- This course provides an in-depth overview of digital assets and their impact on financial reporting and audit practices.
- The session reviews the key provisions of FASB ASU 2023-08, which introduces new measurement, presentation, and disclosure requirements for certain crypto assets.
- In addition, attendees will gain insight into auditing digital assets, including considerations around existence, valuation, and the role of service organizations.
- Designed for accounting and auditing professionals, this course equips participants to navigate the rapidly evolving landscape of digital assets with clarity and confidence.