The American Institute of Certified Public Accountants (AICPA) has updated its Accounting for and Auditing of Digital Assets practice aid to offer more guidance to practitioners working with digital assets, particularly those associated with stablecoin issuers and crypto mining revenue. The AICPA's update reflects the growing role of digital assets in treasury activities, payments, investment structures and client operations, and aims to facilitate their auditing and accounting by applying existing standards to rapidly evolving digital asset structures.
Crypto accounting has spent years in an awkward middle ground. Transactions move fast, business models keep changing, and practitioners often have to apply older accounting standards to newer digital asset structures. The AICPA’s August 2026 update to its...
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