Cryptocurrency Risk Financial Statement Disclosure Requirements

CPE Credit: 2 hours

Program Description:
With all of the issues with cryptocurrency volatility and frauds, and the release of the SEC Staff Accounting Bulletin No. 121, and the release of the FASB Board Decisions on accounting for crypto assets, and the IRS concentration on reporting crypto assets, companies need to review their financial note disclosures if they received, or disposed of cryptocurrencies, or if they maintain crypto assets on their balance sheet even if they had no transactions in the current year. This course will cover the required disclosure risks, known pending legislation or possible regulations, and other risks that companies using or holding crypto currencies should be discussing in their notes to the financial statements.

Topics Covered:
• Crypto Assets
• Crypto Currency
• Financial Statement Disclosures
• SEC Requirements

Learning Objectives:
• Identify the requirements for disclosing crypto risks
• Identify basic financial statement disclosures for crypto

Field of Study: Accounting (2)
Prerequisites: None
Program Level: Basic
Advance Preparation: None