Crypto Assets and Crypto Currencies Part 2

Forensic and Valuation Services (FVS)

Host: Nene Gianfala, CPA/ABV, CEIV, ASA-BV/IA, Chaffe & Associates, Inc.

Guests

Antonella Puca, CPA/ABV, CFA, Partner – BlueVal

Jay Baris, JD, SIDLEY AUSTIN LLP

David Konop, MBA, ABV, Principal, KPMG, LLP

Cryptocurrencies are often volatile, typically trade around the clock, contain different rights and privileges, and therefore present special challenges in valuation. Additionally, the number of entities in the digital currency ecosystem has grown significantly and has been accompanied by the development of new capital tools such as Simple Agreements for Future Token (SAFT) and accompanying financial instruments.

In Part 2 Dave and Antonella will discuss:

· Challenges that cryptocurrencies and companies present in a valuation

· Applying the fair value standard of ASC 820/IFRS 13

· Impact on VC valuation of current trends in VC capital raising

· Valuation of cryptocurrencies and companies - recent trends and challenges

For Further exploration on this topic: If you’re using a podcast app that does not hyperlink to the resources, please visit https://fvssection.libsyn.com/fvs to access the show notes with direct links.

Event: AICPA® & CIMA® Portfolio Valuation Forum on June 28, 4:30–6:15 pm ET Attend either in person at KPMG in New York City or virtually via live broadcast. Industry experts will discuss current issues and trends relating to the complexities of portfolio valuations Participants will be able to ask questions throughout the event and receive up to two CPE credits at NO COST! Click here to learn more and register

Webcast: Investigations in the Crypto Currency World on July 18, 1:00 - 2:30 pm ET Investigations involving blockchains and digital assets serve a variety of purposes. Attend this webcast for an overview of the applications, associated risks, and techniques used during an investigation. Participants will see examples of its practical applications and gain an understanding of the basic mechanics of blockchain analytics. Click here to learn more and register

Webcast playback - Venture Capital Fundraising and Valuation Trends

Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies - Accounting and Valuation Guide

• Access to this guide is available as part of your FVS Section membership.
• It is also available in an e-book format

AICPA-CIMA.com web store - Click here to see sources for webcasts. self-study courses, guidance, practice aids, and news releases such as:

• Blockchain Opportunities Beyond Crypto Assets
• Investigations in the Crypto Currency World
• Understanding, Using, and Securing Crypto and Digital Assets

This podcast episode is part of the extensive resource library available from the AICPA’s Forensic and Valuation Services Section, the premier provider of guidance, tools, and advocacy for professionals who specialize in providing forensics, valuation, litigation, and fraud services. If you’re not already a member, visit us online and consider joining this active community of your FVS peers. You’ll get free CPE and access to rich technical content.

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Information on credentials - Our FVS credential programs allow AICPA members to demonstrate competence and confidence in providing forensic and valuation services to their clients.

• ABV Credential (Accredited in Business Valuation)
• CFF Credential (Certified in Fraud and Forensics)