HOW BLOCKCHAIN IS TRANSFORMING THE ACCOUNTING INDUSTRY
The Digital Assets Accounting Consortium “DAAC” is comprised of accounting and technology professionals representing blockchain technology companies. The DAAC is developing accounting and reporting standards for digital assets, advocating for appropriate GAAP standards, and engaging with relevant standard-setting bodies. The DAAC regularly provides input to government organizations and industry associations — such as the Financial Accounting Standards Board and the American Institute of CPAs — on the impact blockchain-based technologies may have on the future of accounting and auditing methods.
Corporate Controller, Aquantia