Yet there’s unlikely to be a concerted crypto charge any time soon, say many finance executives and accountants loath to risk balance sheets and reputations on a highly volatile and unpredictable asset that confounds convention. trade body, companies apply existing FASB guidance on the accounting for “intangible assets”, which usually includes intellectual property, brand recognition or goodwill. corporations, does not have guidance specific to the accounting for cryptocurrencies.
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Other potential headaches for executives include questions over how a company can safely hold a cryptocurrency, and how much it should disclose to shareholders about security precautions, said Tim Davis, principal in the financial and risk advisory practice at Deloitte & Touche, which advises firms on holding crypto on their balance sheets. Does this page provide the merchants address, email and phone number; Search for an unbiased reviews.
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