Crypto-assets experienced a breakout year in 2017, with Bitcoin and other cryptocurrencies seeing their prices surge as public awareness increased.
Financial services organisations are increasingly turning their attention to this phenomenon, and as such, we are pleased to launch our latest report – IFRS: Accounting for crypto-assets.
Click here or scroll down to read the briefing in full, where we introduce a range of cryptocurrencies and consider their possible classification within the existing financial reporting framework, as codified by the International Financial Reporting Standards (IFRS).
This structure highlights the fact that dealing with crypto-assets requires a detailed understanding of the technical intricacies of blockchain technology on one hand, and relevant accounting concepts on the other.
If you would like to discuss any of the areas raised in further detail, please don’t hesitate to get in touch.