US Securities and Exchange Commission
In response to a question at a conference about whether the Public Company Accounting Oversight Board is thinking about providing audit guidance on U.S. Securities and Exchange Commission Staff Accounting Bulletin (SAB) No. 121 related to crypto assets, board Acting Chief Auditor Barbara Vanich said the staff will consider it.
“As part of our work, we do monitor what’s going on in the environment. We have been paying attention, like you’ve heard from other regulators at this conference, to what is going on in the crypto space. Today, it’s been small at the issuer level, but we are certainly happy to take that one back and give it some consideration,” Vanich said on Sept. 14 at the 2022 AICPA & CIMA Conference on Banks & Savings Institutions in National Harbor, Maryland.
The SEC’s Office of the Chief Accountant at the end of March issued SAB 121 for companies that have custody of crypto assets that belong to customers. These companies are...
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