Cryptocurrency Risk Financial Statement Disclosure Requirements
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
With all of the issues with cryptocurrency volatility and frauds, and the release of the SEC Staff Accounting Bulletin No. 121, and the release of the FASB Board Decisions on accounting for crypto assets, the GENIUS Act, and the IRS concentration on reporting crypto assets, companies need to review their financial note disclosures if they received, or disposed of cryptocurrencies, or if they maintain crypto assets on their balance sheet even if they had no transactions in the current year.
This course will cover the required disclosure risks, known pending legislation or possible regulations, and other risks that companies using or holding crypto currencies should be discussing in their notes to the financial statements.
Publication Date: January 2026
Designed For
This course is appropriate for CPAs, CMAs, CIAs, CGMAs, CFEs, MAFFs, internal auditors, external auditors, managers, CFOs and others responsible for accounting for, or auditing crypto assets & liabilities.
Topics Covered
- A Review of the Requirements for Notes & Disclosures
- Crypto Currencies & Tokens
- FASB Guidance
- SEC Guidance
- Risk Assessment
- Technology Risks
- Legal Risks
- Regulatory Risks
- Uncertainty Risks
Learning Objectives
- Identify the requirements for disclosing crypto risks
- Identify basic financial statement disclosures for crypto
- Identify requirements in the GENIUS Act
- Identify the SEC Staff Accounting Bulletin that requires public companies to disclose risks of holding crypto assets
- Identify the FASB Statement of Accounting Concept that provides the concepts for notes to the financial statements
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
