accounting

CDCROP: FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)
'A Complete Failure of Corporate Controls': What Investors and Accountants Missed in FTX’s Audits
An expert review of FTX’s audited financial statements reveals a series of red flag related-party transactions that should have led to more scrutiny of the company’s operations.
CDCROP: FTX CEO Sam-Bankman-Fried (Danny Nelson/CoinDesk)

CDCROP: FTX Trading LLC auditor Prager Metis hosted a metaverse office launch party at Dencentraland coordinates (19, 144) in October. (Prager Metis)
Meet the Metaverse Nightclub–Loving Audit Firm That Presided Over FTX’s Financials
FTX auditor Prager Metis reported the company earned $1 billion in revenue in 2021. An investigation by CoinDesk reveals Prager Metis also operates in Decentraland, where it sponsors the “Decentraland Babydolls.”
CDCROP: FTX Trading LLC auditor Prager Metis hosted a metaverse office launch party at Dencentraland coordinates (19, 144) in October. (Prager Metis)

Old fashioned ledger (Getty)
US Accounting Standards Board Member Supports Reporting Crypto Swings as Income: Bloomberg
If adopted, the move would mean cryptocurrency gains and losses would directly impact companies’ earnings.
Old fashioned ledger (Getty)

accounting
FASB Mulls Fair-Value Accounting for Crypto Holdings: Report
Fair-value accounting for crypto will encourage companies to put bitcoin on their balance sheet, according to Michael Saylor.
accounting

accounting
Real-Time Accounting Platform Integral Raises $8.5M in First Round of Funding
Investors included some notable names from the crypto industry, such as figures from Coinbase, Anchorage and Dapper Labs.
accounting

U.S. Securities and Exchange Commission in Washington, D.C.
SEC's Crypto Guidance Pushes US Banks to Rethink Custody Projects: Report
The regulator suggests that customers' crypto assets should be treated as liabilities by lenders, which could be "prohibitively costly" for banks.
U.S. Securities and Exchange Commission in Washington, D.C.

accounting
FASB Crypto Accounting Review Won’t Include NFTs, Certain Stablecoins: Report
The accounting standards body outlined its criteria for crypto assets that would be covered by a forthcoming rule regarding companies and their digital assets.
accounting

Credit Suisse
Credit Suisse Held $31M in ‘Digital Assets’ for Clients Last Quarter
The Swiss bank disclosed its custody of what are more likely tokenized securities than cryptocurrencies in keeping with SEC accounting guidance.
Credit Suisse

(Wikimedia Commons)
Accounting Rules Make the Outcome of Tesla’s Bitcoin Sale Unclear
After the car maker sold 75% of its bitcoin, Twitter piled on the company for losing money on the sale even though it didn’t.
(Wikimedia Commons)

Auditor makes internal audit of company and checks financial report with magnifying glass.
Cryptio Raises $10M to Make Crypto Accounting Easier
The company's back-office product helps collect fragmented on-chain data for accounting and tax reporting purposes.
Auditor makes internal audit of company and checks financial report with magnifying glass.