Cryptocurrency Accounting and Financial Reporting Standards: IFRS vs GAAP Treatment, Impairment Testing, and Audit Readiness
Introduction: Why Crypto Accounting Matters
Digital assets have moved from experimental tokens to material line items on corporate balance sheets. As Bitcoin, Ethereum, and stablecoins become treasury and payment instruments, finance teams must apply robust accounting policies. International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP)