Blockchain promises to be a disruptive technology for the accountancy and auditing professions. Based on this revolutionary record-keeping technology, cryptocurrencies such as bitcoin have been grabbing headline attention for over a decade. But the questions of how accountants can work with them – whether advising, recording, or auditing on cryptocurrency and other crypto-assets such as Non-Fungible Tokens (NFTs) – are still being explored. Here we collate useful information and resources on blockchain and cryptoassets.
Cryptocurrencies are on the rise – but are they friends or foes for accountants? We present complementary views from business and scholarly perspectives.
The OECD released a public consultation document looking at two areas to improve the automatic exchange of financial account information between the tax authorities of different jurisdictions.
In the seventh instalment of Anti-Money Laundering: The Basics, IFAC and ICAEW look at the risks associated with virtual assets.
Part 9 of ICAEW and IFAC joint series on the basics of anti-money laundering.
Part 8 of ICAEW and IFAC joint series on the basics of anti-money laundering.
Part 7 of ICAEW and IFAC joint series on the basics of anti-money laundering.
FAQ on the tax treatment of the sale of some bitcoin that a client was holding as an investment.
Following on from the Tech Faculty’s Tech Essentials guide to cryptocurrency, David Lyford-Smith will cover how to handle cryptocurrencies.
Discover how new technologies such as XBRL, Blockchain and AI might impact the world of corporate reporting.
Join Mark Taylor and David Lyford-Smith of ICAEW, and Aynsley Damery of the Clarity Project, for the second in our series of IT Faculty ‘Tech Talks’, this time on the subject of blockchain, cryptocurrencies, and how these will affect the future of the accountancy profession.
In this webinar, Ben Taylor, Partner, IT Advisory at EY, explains how Blockchain technology has the potential to streamline and accelerate business processes, increase cyber security and reduce or eliminate the roles of trusted intermediaries in industry after industry.
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Article discusses tax issues arising from the form of cryptoasset known as Non-Fungible Tokens (NFTs)
The article discusses how the edge of intellectual property (IP) law is the ambiguous relationship between non-fungible tokens (NFTs), a cryptographic tool using a suitable blockchain, and copyright law. It mentions that the commercial value of an NFT is in its ability to prove ownership and authenticity of the asset which it represents and NFTs can also be used to verify the authenticity of physical asset.
This article briefly describes Non-Fungible Tokens (NFTs) and some of the most relevant U.S. legal issues.
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2nd edition of the Law Society's report on blockchain. Covers a range of key issues for legal practitioners to be aware of when advising on distributed ledger technology (DLT) related matters. Includes the growing types and uses of DLTs and their implications on areas of litigation including smart contracts, data and governance, blockchain consortia, data protection, intellectual property rights, dispute resolution, competition, tax and ESG.
PwC report on the 'sparse guidance to date on various legal, regulatory, accounting, and tax issues related to NFTs' (Non-Fungible Token).
EY publication that considers the accounting by holders of cyrpto-assets under IFRS.
BoE KnowledgeBank article giving background information on cyrptocurreny.
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