The Cryptoasset Auditing and Accounting Landscape

Abstract

This chapter examines some emerging topics and trends as it connects cryptoassets to accounting, auditing, and financial reporting. It discusses the treatment of cryptoassets from a financial reporting perspective under the US and international accounting standards, frequently asked questions about auditing and attestation, and potential best practices for auditing various cryptoassets. It also discusses accounting for now and potential in the future. The chapter outlines how the rapidly changing cryptoasset landscape could lead to differentiated accounting treatment and audit best practices for practitioners seeking to attest to certain aspects of cryptoassets.

Citation

Smith, S.S. (2023), "The Cryptoasset Auditing and Accounting Landscape", Baker, H.K., Benedetti, H., Nikbakht, E. and Smith, S.S. (Ed.) The Emerald Handbook on Cryptoassets: Investment Opportunities and Challenges, Emerald Publishing Limited, Leeds, pp. 13-24. https://doi.org/10.1108/978-1-80455-320-620221002