2021 is off to a running start as notable public companies adopt cryptocurrency-friendly investment strategies. Whether the appeal is the anticipation of quick returns, a means to preserve wealth or, more simply, the fear of missing out, the trend is likely to continue.

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Meanwhile, 84% of finance executives indicate they do not plan to hold bitcoin as a corporate asset due to financial volatility and presumed risk, according to a recent Gartner survey. Further, 18% noted “complex accounting treatment” as a reason to hold off digital asset purchases.

In the absence of clear U.S. guidance around accounting practices for these emerging asset classes, Kyla Curley and Ksenia Ioffe outline critical considerations as more public companies add digital currencies to their balance sheets.

Read more at StrategicCFO360.com

Download the full article (pdf).

About the Authors

Kyla Curley

Kyla Curley, a Partner with StoneTurn, has 20 years of experience in forensic accounting and complex business litigation. She conducts and leads financial and accounting-related investigations and consultation on behalf […]

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Ksenia Ioffe

Ksenia Ioffe, a Manager with StoneTurn, has experience in compliance and monitoring, forensic accounting, and auditing. Ksenia’s experience includes assessing corporate compliance programs and internal controls, and advising companies on […]

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