Accounting for Crypto (US GAAP & IFRS) - Video

The Web3CFO club hosted a webinar to discuss ‘Accounting for Crypto in 2023’

We were joined by Michael Gonzales , Assurance Partner from Ernst & Young , Suzanne Morsfield , Head of Accounting Solutions from Lukka and Martin Grosvenor-Wong, Assurance Partner from Ernst & Young who provided us with latest updates and guidance on accounting for crypto assets in 2023.

Chapters:

- Intro (0:00)
- About Web3CFO club (0:57)
- Agenda for webinar (2:12)
- Intro from speakers (3:50)
- Intro from host, Umar (6:43)
- Pain points of current accounting framework & new FASB proposed guidance (8:24)
- Adopting a revolution model with IFRS with an active market (15:04)
- Difference in accounting for stablecoins: USDC v/s DAI (22:42)
- Fair value measurement & valuation considerations (29:52)
- Audit evidence required with crypto (41:21)

About Web3CFO Club

A curated community of web3 CFOs from companies like Aave, the Sandbox , Binance, Consensys, Ledger and many more, joining this club will allow you to network and learn best practices on web3 financial operations.

The web3CFO club is an initiative by Request Finance (https://www.request.finance/) , an application to help you manage invoicing, payroll & expenses in crypto.

Website - https://www.web3cfo.club/
Twitter - https://twitter.com/web3cfoclub
LinkedIN - https://www.linkedin.com/company/web3cfo-club/