ICPAK Americas Chapter -Digital Assets: Key Accounting and Regulatory Compliance Considerations Webinar

INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)

ICPAK Americas Chapter

Topic: Digital Assets: Key Accounting and Regulatory Compliance Considerations
Date: 31st August  2026
Time: 6pm to 8pm EAT
Charges: USD 25
Delivery Mode: Virtual

Overview

Digital assets have become an increasingly influential part of the global financial system, transforming how businesses create, exchange, and store value. This category includes cryptocurrencies such as Bitcoin, fiat-backed stablecoins like USDC, tokenized assets, and other blockchain-enabled instruments that may operate independently or derive value from underlying financial or physical assets. The rapid growth of the digital asset market, combined with expanding participation from financial institutions, investors, custodians, and trading platforms, has created increased demand for stronger accounting standards and regulatory oversight. Governments and regulatory bodies worldwide continue to develop frameworks that promote innovation while safeguarding consumer interests, maintaining financial stability, and strengthening market transparency.

One of the most significant challenges surrounding digital assets lies in determining their accounting treatment and financial reporting requirements. Existing standards under US GAAP and IFRS do not provide comprehensive guidance dedicated specifically to digital assets, requiring organizations to interpret and apply existing frameworks based on the characteristics of each asset. Native digital assets, such as cryptocurrencies, are commonly classified as indefinite-lived intangible assets because they do not meet the definitions of cash, inventory, or financial instruments. In contrast, asset-referencing digital assets, including redeemable stable coins, may qualify as financial instruments depending on their contractual rights and redemption mechanisms. These classifications influence how digital assets are recognized, measured, and presented in financial statements, resulting in varying accounting outcomes across entities and jurisdictions.

Valuation and subsequent measurement remain equally complex due to the volatility and evolving nature of digital asset markets. Under traditional US GAAP treatment, digital assets measured as intangible assets are recorded at cost and subject to impairment, meaning declines in value are recognized while increases cannot be recorded until disposal. This limitation may fail to reflect the true economic value of holdings, particularly for entities actively trading or using derivatives to manage risk. IFRS offers greater flexibility in certain circumstances by permitting inventory treatment for actively traded assets or applying revaluation approaches when active markets exist. Additional considerations include determining balance sheet classification, establishing ownership and control in custodial arrangements, selecting costing methodologies such as FIFO or LIFO, and complying with disclosure requirements such as those introduced through SEC guidance on safeguarding crypto assets.

This webinar will cover the following topics:

1. Understanding Digital Assets and Their Growing Role in Modern Financial Systems
2. Accounting Treatment of Digital Assets under US GAAP and IFRS
3. Valuation, Fair Value Measurement, and Financial Reporting Challenges
4. Regulatory Compliance and Governance Considerations for Digital Assets

 Target Audience:

This webinar will be useful to all professionals Accountants and those aspiring to join the profession.

CPD Units:

Members who attend the webinar in full will earn 2 Structured CPD Units.

Financial Commitment:
The Webinar charges are USD 25

Online Booking:

We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session.  Delegates are reminded to note that online booking for training sessions is mandatory.   This is available either online at www.icpak.com/events  or on the ICPAK Live – A smart phone-based application that is available from google store.

For more information or enquiries  email to diaspora@icpak.com