Digital assets and their underlying blockchain technology are an evolving area, and as such accountants frequently face the daunting challenge of scrutinizing existing accounting standards to derive the most reasonable interpretation.

Innovation outpaces the speed of accounting regulation, leaving standard-setting bodies like the FASB for US GAAP or the IASB for IFRS struggling to keep pace.

Whilst the Wall Street Journal reported that 300,000 accountants quit their jobs between 2019 and 2021,

There is an emerging class of accountants who have upskilled themselves to understand blockchain for accounting.

On Episode 63, I spoke with Andrei Belonogov, the Managing Partner of TechAccountingPro, a company that provides accounting & US GAAP advisory services for digital assets.

Andrei is not your typical accountant. His blog focused on deciphering the accounting treatment of digital assets under US GAAP was recognized in the top 100 accounting blogs by Feedspot.

Topics covered;

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Follow Andrei Belonogov:

LinkedIN: https://www.linkedin.com/in/andrewbelonogov/

Twitter: https://twitter.com/tech_accounting

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