Yellow cabs waiting for green light on the crossroad of streets of New York City during sunny summer daytime

Comment Letter - FASB proposal on accounting for and disclosure of crypto assets


In our comment letter, we support the FASB’s objective to improve the accounting for and disclosure of certain crypto assets. We believe that the proposal to subsequently measure certain crypto assets at fair value would provide investors with more decision-useful information and reduce the complexity associated with applying the current cost-less-impairment accounting model. However, we suggest certain clarifications to improve the operability of the proposed guidance for preparers and reduce potential diversity in implementation.

Download PDF