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Executive ResourceBoards and management should examine how remote working and flexible work arrangements, new developments related to crypto, and more may affect their operations.
FASB will require entities to use fair value accounting for crypto assets and provide additional information about their crypto holdings beginning in 2025.
In an effort to increase financial transparency, the FASB tentatively approved crypto assets to be separately disclosed from other intangible assets.
Companies must now account for cryptocurrency assets using fair value, according to a decision made by the Financial Accounting Standards Board (FASB).
WebinarJoin Weaver's Tim Savage and Kevin Sanford, and Vector's Molly Yakubian as they review accounting and tax considerations for digital asset investment funds.
The demand for guidance on how firms should manage digital assets for accounting purposes continues to grow in tandem with the use and acceptance of crypto assets.
As 2021 comes to an end, many organizations are winding down another hectic year, and planning for 2022 with much more optimism.
With cryptocurrencies becoming more mainstream, Weaver is consistently asked to decrypt what crypto means for individuals and businesses that want to learn more.