The FASB Issues Cryptocurrency Asset Guidance

New accounting standard for intangible assets On December 13, 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-08, which provides guidance for accounting for and disclosure of crypto assets. This new standard applies to assets that meet the following criteria: Meet the definition of intangible assets as defined by the Accounting … Continue reading The FASB Issues Cryptocurrency Asset Guidance