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Coalition forms to wrestle blockchain accounting issues

Tammy Whitehouse | April 13, 2018

A group of accounting and tax professionals has established a grassroots coalition to get their arms around blockchain and what it will mean for the accounting profession.

Representing accounting, tax, law, technology, and academia, the Accounting Blockchain Coalition has formed to figure out and educate the profession on digital assets and distributed ledger technology, including blockchain, and its accounting and audit implications. The coalition wants to serve as a knowledge-sharing platform as companies address the changes and opportunities created by the adoption of blockchain technology.  

“Our mission is to educate businesses and organizations on accounting matters as this new digital asset class emerges,” says Dave Deputy, president of the ABC board and director of strategic...

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