Tag: accounting
US accounting watchdog warns investors about proof-of-reserve reports
The Public Company Accounting Oversight Board (PCAOB), a watchdog that oversees audits of public companies in the United States, recently issued an ad [...]
U.S. lawmakers argue SEC accounting policy places crypto customers at risk
Two United States lawmakers have criticized crypto accounting guidelines outlined by the securities regulator, arguing it places crypto customers at g [...]
U.S. Lawmakers Argue SEC Accounting Policy Undermines Safe Crypto Custody
U.S. Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee, and Sen. Cynthia Lummis (R-Wyo.), who has authored crypto [...]
Former Accounting Team of FTX US Auditor Armanino Sets Up Shop as The Network Firm
The episode highlights yet another chokepoint for the blockchain industry: It's become harder for crypto startups to enlist big accounting firms to do [...]
Bitcoin Miner Marathon Digital to Restate Some Results on Accounting Issues
The restatements are not likely to have any impact on total margin, operating income or net income in 2021 or any of the quarterly 2022 results, said [...]
Celsius had ‘insufficient’ accounting and operational controls, says examiner
The independent examiner in crypto lender Celsius’ bankruptcy case has alleged that the company failed to set up “sufficient” accounting and operation [...]
Challenges of Accounting and Tax Requirements in Crypto for Institutions
Participating in decentralized finance (DeFi) protocols can make tax accounting even more complex. For example, if an institution is providing liquidi [...]
Tether Dominates Curve's 3pool Liquidity With DAI, USDC Accounting for Just 20%
Tether accounts for 80% of the total liquidity in Curve's 3pool.
www.coindesk.com [...]
The Financial Accounting Standards Board notches a win for crypto
In his regular column, J.W. Verret, a law professor, attorney, CPA, and head of the Crypto Freedom Lab covers law and regulation of cryptocurrency wit [...]
US Accounting Standards Board Member Supports Reporting Crypto Swings as Income: Bloomberg
This means that these gains and losses would directly hit these companies’ earnings. The other choice would be to have companies record the swings in [...]
FASB Mulls Fair-Value Accounting for Crypto Holdings: Report
“We expect the disconnect between the reported carrying value on our balance sheet and the fair market value of our bitcoin holdings to grow significa [...]
Tether’s Former Auditor Fined $1M by SEC for Sloppy Accounting
The SEC’s order, issued last Friday, details sloppy accounting practices that were common at Friedman LLP from 2015 to 2020, including its failure to [...]
Real-Time Accounting Platform Integral Raises $8.5M in First Round of Funding
Integral builds financial management software for Web3 teams. Real-time analysis of items such as profit and loss statements, balance sheets and cash [...]
Real-Time Accounting Platform Integral Raises $8.5M in First Round of Funding
Integral builds financial management software for Web3 teams. Real-time analysis of items such as profit and loss statements, balance sheets and cash [...]
Trump’s Former Accounting Firm Turns Over Documents to Congress
Mazars USA delivered an initial set of documents related to the former president’s finances to the House Oversight Committee as part of a settlement.
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