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AcSB Staff Respond to EFRAG’s Discussion Paper, Accounting for Crypto-assets (liabilities)

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Aug 20, 2021

On July 26, 2021, the Accounting Standards Board (AcSB) staff responded to the European Financial Reporting Advisory Group (EFRAG) Discussion Paper, “Accounting for Crypto-assets (liabilities): Holder and Issuer Perspective.” The AcSB staff strongly support EFRAG in its efforts to identify and raise awareness of the accounting issues for cryptoasset activities that are likely to be relevant to entities applying IFRS® Standards.

Read the letter to find out more about the AcSB staff’s views and suggestions on additional areas for consideration.

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