FASB moves toward a standard for fair value accounting of … – Journal of Accountancy

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A tentative board decision by FASB would use fair value to measure certain cryptoassets in financial reporting.
As part of an ongoing project focused on the disclosure of cryptoassets, FASB tentatively decided in an Oct. 12 meeting to require an entity to:
FASB launched a project focused on the disclosure of cryptoassets on Dec. 15, 2021, to consider changes to accounting standards for cryptoassets.
During an Aug. 31 meeting, FASB defined what types of cryptoassets would be included in the scope of the project, stating that the project would be limited to cryptoassets that:
— To comment on this article or to suggest an idea for another article, contact Bryan Strickland at Bryan.Strickland@aicpa-cima.com.

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