التفاصيل البيبلوغرافية
| العنوان: |
Crypto Attestation: Updates and Trends. |
| المؤلفون: |
Stein-Smith, Sean1 sean.steinsmith@lehman.cuny.edu |
| المصدر: |
On Balance. May/Jun2024, Vol. 20 Issue 3, p32-33. 2p. |
| مصطلحات موضوعية: |
Cryptocurrencies, Auditing, Accountants, Attest function (Auditing), Accounting, Non-fungible tokens |
| الشركة/الكيان: |
United States. Securities & Exchange Commission |
| مستخلص: |
The article discusses the challenges and opportunities in the field of crypto attestation. It highlights the negative consequences faced by audit firms involved in the FTX trial and the cautionary stance taken by the SEC regarding offering audit services to crypto firms. However, it also mentions positive developments such as major financial institutions investing in crypto products and the preparation of the first crypto-specific accounting codification by the Financial Accounting Standards Board. The article emphasizes the importance of stablecoins and the need for real-time and accurate attestation as crypto transactions increase. It also emphasizes the role of controls, including wallet management, multi-signature access, and exchange to payment mapping, in ensuring the accuracy of accounting data. [Extracted from the article] |
| قاعدة البيانات: |
Finance Source |