Digital assets for the accountancy profession

Accountants are ever more encountering cryptocurrency and other cryptoassets, and ICAEW is supporting them on this, claims Lesley Meall.
No matter if it is Tesla and Sq. adding bitcoin to the balance sheet, VISA and Morgan Stanley launching cryptoservices, or the non-fungible token trend, digital belongings this kind of as cryptocurrency are entering the mainstream. ICAEW Technological Supervisor (and ex-auditor) David Lyford-Tilley is not by yourself in exploring the implications for the occupation of cryptocurrency, other cryptoassets and developments this sort of as smart contracts, which are enabled by dispersed blockchain ledger technologies.
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Uptake is spreading and accelerating, giving alternatives for companies of all sizes to reach aggressive edge by supplying purchasers with crypto-relevant expert services, as accountants defeat some of the complex and practical problems, this sort of as acquiring sufficient awareness and knowing of this new asset class.
