Digital assets for the accountancy profession

Accountants are more and more encountering cryptocurrency and other cryptoassets, and ICAEW is supporting them on this, says Lesley Meall.
Regardless of whether it’s Tesla and Square adding bitcoin to the balance sheet, VISA and Morgan Stanley launching cryptoservices, or the non-fungible token fad, digital assets this sort of as cryptocurrency are coming into the mainstream. ICAEW Technical Manager (and ex-auditor) David Lyford-Tilley is not on your own in discovering the implications for the profession of cryptocurrency, other cryptoassets and developments this sort of as intelligent contracts, which are enabled by dispersed blockchain ledger technological innovation.
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Uptake is spreading and accelerating, supplying chances for corporations of all sizes to accomplish aggressive gain by furnishing consumers with crypto-relevant services, as accountants overcome some of the technological and sensible challenges, this kind of as creating enough knowledge and knowledge of this new asset course.
