Digital assets for the accountancy profession

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

No matter if it is Tesla and Sq. including bitcoin to the stability sheet, VISA and Morgan Stanley launching cryptoservices, or the non-fungible token craze, electronic belongings these types of as cryptocurrency are entering the mainstream. ICAEW Technical Supervisor (and ex-auditor) David Lyford-Tilley is not by yourself in checking out the implications for the occupation of cryptocurrency, other cryptoassets and developments these kinds of as smart contracts, which are enabled by distributed blockchain ledger engineering.

Uptake is spreading and accelerating, supplying prospects for corporations of all sizes to obtain aggressive edge by providing customers with crypto-similar solutions, as accountants get over some of the technological and simple challenges, these as developing adequate understanding and comprehending of this new asset course.