The AICPA formed the Digital Assets Working Group with the objective of developing content for preparers and auditors on how to account for and audit digital assets. The Working Group's members are digital assets subject matter experts from international and national firms. The Working Group is split into two subgroups, one focusing on accounting topics, and one focusing on auditing topics. Matthew Schell and Amy Steele chair the two subgroups and will discuss the progress of their subgroups and the whitepaper that those subgroups are developing.
Identify some of the unique accounting implications for digital assets
Identify some of the unique auditing implications for digital assets
Identify the goals of the Digital Assets Working Group and the guiding principles.