AICPA Releases New Chapter of Practice Aid on Digital Assets

The AICPA has released a new chapter of its practice aid on digital assets to address auditing considerations related to crypto lending and borrowing transactions. Specifically, the new chapter addresses scenarios in which a borrower of a crypto intangible asset is required and not required to post collateral. The discussion includes “sample audit procedures from both the lender’s perspective and the borrower’s perspective.”

For more information, see the press release on the AICPA’s Web site.