Accounting Standard Updates

INTERVIEW: Should Insurers Treat Cryptocurrency as Cash?

Listen as Ani Zadorian, CPA, chats with Michael Goni, CPA, CGMA, FLMI about cryptocurrency and the recent SAPWG discussion of INT 21-01T. They discuss questions such as: Do crypto investments meet the definition of cash if they are included as investments in mutual funds? What about captive insurers who generally report on GAAP?

To read more about the SAPWG meeting, Michael’s original S.S.A.P. Chat article, can be found by clicking here.