Digital assets for the accountancy profession

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

No matter if it’s Tesla and Square introducing bitcoin to the balance sheet, VISA and Morgan Stanley launching cryptoservices, or the non-fungible token craze, digital belongings these as cryptocurrency are moving into the mainstream. ICAEW Specialized Manager (and ex-auditor) David Lyford-Tilley is not by yourself in discovering the implications for the occupation of cryptocurrency, other cryptoassets and developments these kinds of as wise contracts, which are enabled by distributed blockchain ledger know-how.

Uptake is spreading and accelerating, supplying chances for corporations of all dimensions to accomplish aggressive benefit by offering clientele with crypto-linked providers, as accountants get over some of the technical and simple worries, this sort of as acquiring sufficient awareness and comprehending of this new asset class.