TCH2510. Growth, Adoption, and Disruption in the Digital Assets Landscape

The digital assets landscape is evolving rapidly, presenting both significant opportunities and challenges for accounting professionals and their organizations. This panel will provide attendees with a comprehensive understanding of the growth, adoption, and disruption shaping the digital assets environment. Tailored specifically for the accounting industry, this session will explore how these shifts are affecting the profession and offer actionable insights to help firms not only adapt, but thrive in this dynamic ecosystem. The session will cover the following:
• A retrospective on crypto and blockchain innovations: A review of significant advancements in digital assets and blockchain over the past 1-2 years, including emerging technologies, stablecoins, decentralized finance (DeFi), and more.
• Impact on industries and the accounting profession: An analysis of how these innovations are transforming industries, with a focus on their implications for accounting professionals and firms.
• Key regulatory updates: Insights into critical regulatory actions and legislative developments, and their potential impact on financial reporting, tax compliance, and risk management.
• Global regulatory landscape: A discussion of U.S. and international regulations, with guidance on how organizations can prepare for upcoming changes.
• Practical guidance for firms: Best practices for implementing effective controls and processes to manage digital asset-related activities, alignment with emerging standards, and strategies for addressing challenges such as valuation, custody, and auditing of digital assets.

Learning Objectives:

• Analyze recent trends and developments in the digital assets ecosystem and their relevance to accounting professionals.
• Recall the current regulatory and compliance environment for digital assets, and anticipate potential changes.
• Identify key risks in digital asset-related engagements and implement controls to effectively manage them.
• Apply insights and best practices to position firms for success in the evolving digital asset landscape.