How to properly account for and audit digital records is increasingly gathering importance as more entities have cryptocurrency and other digital assets on their financial statements. This course addresses common questions, risks, and challenges evolving in this area.

Major Topics:

  • Common applications related to initial recognition and measurement, subsequent measurement or derecognition, presentation, and disclosure of cryptocurrency and other digital assets
  • Feedback from the AICPA’s Digital Assets Working Group intended to assist auditors with opining on these digital records
Learning Objectives
  • Explore and explain common questions related to the fair presentation and disclosure of cryptocurrency and other digital assets.
  • Discover and describe common risks and audit techniques relevant to digital records.
  • Identify the Feedback from the AICPA’s Digital Assets Working Group intended to assist auditors with opining on these digital records.
Last updated/reviewed: June 28, 2024
3 Reviews (24 ratings)

Reviews

4
Member's Profile
This class on accounting for cryptocurrency was great. It helped me understand the basics of accounting for crypto assets. The materials could have been more interesting.
5
Member's Profile
This was a great introductory level course for learning about digital assets. I recommend it to anyone who is interested in the subject.
5
Anonymous Author
course provided great background and in depth knowledge for crypto accounintg
Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.
Intended For: Anyone who prepares financial statements or provides attest services on financial statements.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Learning Objectives1:18
  Introduction to Digital Assets 9:22
  Introduction to Blockchain14:14
  Digital Assets-Basis of Accounting6:28
  Initial Recognition 4:22
  Subsequent Measures18:32
  Presentation and Disclosures8:26
  Derecognition and Use of Hosted Wallet Service or Broker Dealer10:41
  Qualifying Investment Companies and Other Special Considerations8:00
  Audit Considerations5:28
  Evaluating Design and Implementation of System of Internal Control13:00
  Audit Risk Assessment and Further Audit Procedures4:58
CONTINUOUS PLAY
  Accounting and Financial Reporting for Cryptocurrency and other Digital Assets1:44:49
SUPPORTING MATERIAL
  Slides: Accounting and Financial Reporting for Cryptocurrency and other Digital AssetsPDF
  Accounting and Financial Reporting for Cryptocurrency and other Digital Assets Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam