KPMG Partners with Cryptio to Enhance GAAP Compliance for US Crypto Firms

KPMG, a leading accounting firm, has formed a strategic alliance with Cryptio, a crypto accounting software company, to assist US crypto firms in complying with Generally Accepted Accounting Principles (GAAP). The partnership aims to implement controls within cryptocurrency firms for better accounting of their digital assets. Brian Consolvo, KPMG’s principal of technology risk, emphasized the significance of refining digital asset accounting practices and adhering to US regulatory requirements. He stated, “We (KPMG) understand the importance of robust accounting and reporting practices, the risks with digital assets, and the need to have strong internal controls.” Through this collaboration, crypto enterprises and

Source: CryptoIntelligence