Heads Up — Crypto Assets — A Flurry of Activity as the Year Comes to a Close

Published on: 23 Dec 2022

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.


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