AICPA Releases Blockchain Guidance For Accountants

The American Institute of CPAs (AICPA) has issued a white paper to help auditors providing SOC reports on organisations that have incorporated blockchain into their service delivery systems.

The white paper, Implications of the Use of Blockchain in SOC for Service Organisation Examinations, was developed by a working group of the AICPA Assurance Service Executive Committee (ASEC). The paper explores the skills auditors need to perform such engagements, unique features of blockchain, risks associated with using blockchain, and how the use of blockchain by service organisation may affect SOC examinations.

AICPA vice president – assurance and advisory innovation – Amy Pawlicki said: “As the use of blockchain increases, it’s likely that more service organisations will decide to use blockchain.  Auditors hired to perform their SOC engagements need a deeper understanding of the technology and the risks it presents to the service organisation and those who use their services.”

NEWLETTERS

 
Make sure you don't miss latest news, stay tuned!
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
8 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Latest News

 
Allinial Global is pleased to announce that Özgür Demirdöven has been named Regional Director, EMEI...
Azets has appointed another senior partner in the South East of England.  Paul Attridge joins as...
April saw the introduction of the latest government aid package to help small and medium...
XPS, a pensions consultancy in the UK, announced that it is piloting a new fully-flexible working...
Nexia International (Nexia), the ninth-largest global network of independent accounting and...
SMEs in hard hit sectors are increasingly moving to close down their businesses, according to ACCA...