The AICPA’s Assurance Services Executive Committee (ASEC) recently issued an exposure draft to provide a framework for stablecoin issuers to present information about stablecoins and the assets that back them. While the FASB recently issued ASU 2023-08 which included subsequent recognition, presentation and disclosure requirements of crypto assets, ASEC is focusing this ED on token issuers and the need for a set of guidelines to share information about tokens. Comments are due January 29, 2024.

SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.