Heads Up — Crypto Assets — A Flurry of Activity as the Year Comes to a Close
Published on:
23 Dec 2022
![Heads Up — Crypto Assets — A Flurry of Activity as the Year Comes to a Close Image]()
This Heads Up summarizes the FASB’s and SEC’s most recent activity and discussions related to crypto assets, including:
- The FASB’s tentative decisions on presentation and disclosure requirements for crypto assets.
- Discussions at the 2022 AICPA & CIMA Conference on Current SEC and PCAOB Developments about (1) accounting for crypto lending arrangements, (2) SEC Staff Accounting Bulletin No. 121, and (3) audits of transactions involving crypto assets.
- The release by the SEC’s Division of Corporation Finance of a “Dear Issuer” sample letter that highlights the types of comments the Division may issue to registrants on their exposure to risks associated with the crypto asset markets.
