This episode recaps recent regulations and guidance regarding accounting for cryptocurrency and digital assets, including a taxonomy for classifying digital assets and a review of FASB ASU on accounting for and disclosure of digital assets.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• AICPA article: A taxonomy for classifying digital assets
• FASB ASU 2023-08, Accounting for and Disclosure of Digital Assets
• https://www.aicpa-cima.com/resources/article/bitcoin-basics-for-nfps-accepting-and-valuing-crypto-asset-gifts
• Cryptocurrency and digital assets articles and events
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group