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Groundbreaking Update: FASB Revamps Accounting Rules for Cryptocurrencies

Groundbreaking Update: FASB Revamps Accounting Rules for Cryptocurrencies
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FASB approves fair value accounting for crypto assets, opening door for corporate adoption

FASB approves fair value accounting for crypto assets, opening door for corporate adoption
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FASB OKs New Crypto Assets Standard

FASB OKs New Crypto Assets Standard
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FASB approves crypto asset standard

FASB approves crypto asset standard
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Change to US accounting rules will be a boon to companies holding crypto in 2025

The U.S. Financial Accounting Standards Board has changed the GAAP rules for intangible asset accounting to reflect fair value cryptocurrency prices.

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Accounting Rule-Maker OK's New Disclosure Requirements on Joint Ventures

FASB clarifies how joint ventures need to treat assets, liabilities and goodwill under U.S. generally accepted accounting principles

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FASB announces winner of 2023 Emerging Scholar Award

The board announced the selection of Rachel Scott, a doctoral student in accounting at the University of Georgia, as the recipient of its 2023 award.

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FASB celebrates 50th anniversary

The board is marking a half century of service and received a special proclamation from the mayor of Norwalk, Connecticut, where it is based.

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Why crypto needs to be audited

Cryptocurrency investors are finding that the limited "proof of reserves" audits touted by some crypto companies don't provide much reassurance after the meltdowns of prominent crypto exchanges like FTX.

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Crypto at fair value: Inside FASB's decision

Board staff believe the approach better aligns measurement of crypto assets with that of other assets used for investment purposes.

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