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AICPA Proposes New Standards That Would Apply to Blockchain-Based Audit Data By Cointelegraph

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AICPA Proposes New Standards That Would Apply to Blockchain-Based Audit Data

The American Institute of Certified Public Accountants (AICPA) has proposed a new set of standards for audit evidence including accommodation for blockchain-based data, according to a report by trade publication Accounting Today on June 24.

The new proposal, the so-dubbed Proposed Statement on Auditing Standards (SAS), Audit Evidence, will purportedly set guidelines on how preparers and auditors should evaluate audit evidence that is based on new tech such as blockchain and data analytics.

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