SEC Chief Accountant Discusses Cryptocurrency And Financial Reporting


On Monday, Wesley Bricker, the head accountant for the US Securities and Exchange Commission (SEC) gave a speech at the American Institute of Certified Public Accountants (AICPA) National Conference on Banks and Saving Institutions in Washington, D.C. In it, he outlined several aspects that accountants and auditors should consider when preparing the financial statements of companies that hold digital assets and/or use blockchain technology.

Bricker emphasized the importance of thorough and active record keeping of digital asset transactions and holdings. He suggested that before companies decide to participate in activities related to digital assets, they should first consider their accounting staff’s knowledge of cryptocurrency and whether their existing policies are compliant with SEC regulations.

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