February 27, 2024

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Digital assets for the accountancy profession

Accountants are increasingly encountering cryptocurrency and other cryptoassets, and ICAEW is supporting them on this, suggests Lesley Meall.&#13

Regardless of whether it is Tesla and Square including bitcoin to the harmony sheet, VISA and Morgan Stanley launching cryptoservices, or the non-fungible token fad, electronic assets these types of as cryptocurrency are getting into the mainstream. ICAEW Technical Supervisor (and ex-auditor) David Lyford-Tilley is not on your own in discovering the implications for the career of cryptocurrency, other cryptoassets and developments such as intelligent contracts, which are enabled by distributed blockchain ledger engineering.Audit & Beyond December cover 2021

Uptake is spreading and accelerating, supplying opportunities for corporations of all sizes to reach competitive benefit by furnishing consumers with crypto-relevant expert services, as accountants defeat some of the complex and simple issues, these types of as acquiring sufficient know-how and knowledge of this new asset class.